An interesting article on the Gulf Daily News – Sinan Al Shabibi made some comments regarding Iraq’s reserves in the forex during a meeting with Arab central bank governors in Dubai. Of note, he said:
“… There are discussions. The reserves cannot be touched except for foreign exchange stability.”
Other than that, no big news today on [...]
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From aswat al Iraq:
BAGHDAD / Aswat al-Iraq: Negotiations will be carried out next week in Amman – Jordan between the Central Bank of Iraq (CBI) and the International Monetary Fund (IMF), an advisor from the IMF said Monday.
The two sides will meet as part of the preparations to sign an agreement that grants Iraq a [...]
A couple of sources are claiming that the HCL was passed, but that is not true. Dinar Speculators are still waiting for an official approval of the HCL in spite of hte article quoted below. As you can see, it says the Iraqi Cabinet approved it… but it still needs to make it through parliament.
Regardless, [...]