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sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20

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sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20 Empty sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20

Post by RamblerNash on Thu Feb 13, 2020 10:20 pm

sandyf   

["If there is to be any return on this venture it will not be the result of anything done by Iraq."...Then by whom?...if not the CBI...] [reference Guru sandyf post 2-12-2020]  There is a basic accounting principle that dinarland prefers to ignore, the liabilities must be less than the assets or the entity is technically bankrupt.   Currency issued is a liability on the CBI and the CBI has no control over the value of it's assets, the bulk of the assets are foreign currency denominated and effectively fixed in value. There is limited equity in the accounts so no scope to increase the value of the dinar by any significant amount.   Any change to how the value of the assets could be calculated would have to be by international agreement and nothing to do with the CBI.


2/13/20
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