Wednesday, April 16, 2014

Recap on Important Events Since Last Oct

  Oct , 2013 : The number of banknotes in circulation will be reduced from 4 billion to 1 billion.

*   March 2014: As Immunity Ends, Iraq Takes Measures to Protect its Funds


* March, 2014:  CBI announces delivery of 90 tons of gold to support IQD

April, 2014:   CBI Announces 3X Increase of Reserves of Pure Gold

* April, 2014:  The reserve to support the value of the national currency

* April, 2014:  CBI sells gold to the public it will strengthen Dinar and reduce dollarization

* April, 2014: Central Bank announces re-printed banknotes Iraqi “pictures and more protection

* April, 2014:  Central Bank reserves reach 100 billion dollars

Only country on the planet, which is reducing its note supply.
No one is adding gold to back the currency up, on the scale Iraq is involved with (gold to note count ratio).
Policy wise looking at any currency on the planet, Iraq’s potential gain in its currency value is second to none, welcome to the world of the Iraqi Dinar.