“Increase in Reserves” – Thurs. AM KTFA Thoughts/News 10-28-21



Samson » October 28th, 2021

The Central Bank reveals a new strategy and announces an increase in its foreign reserves

10/27/2021 14:54:02

 The Central Bank of Iraq revealed, today, Wednesday, a new strategy for it.

The Deputy Governor of the Bank, Ammar Hamad Khalaf, said during the second day of the “Miri” forum, which will be held in Erbil, with the participation of 250 Iraqi and foreign personalities: “We will work according to a new strategy at the beginning of the next year 2022.”

And he indicated that “the Central Bank’s actions increase the size of the national reserve (for foreign currency).”

He pointed out that “the largest part of our internal loans is for housing units.”  LINK

Iobey777 » October 28th, 2021

Ok, I am wondering if this increase in reserves has anything to do with the boost in the economy coming from the RI? Also, this strategy they speak of, could that be directions from the White Papers?  Just a wild guess, that they will need a larger reserve to match the increase in PP for the citizens  and for them to build homes, and the increase in value of their currency?!!! Praying we see that before next year!!

Salcorta » October 28th, 2021

OK, IMO…. you cannot have an “Increase” in in reserves at a ……. PROGRAM RATE!! It does not compute!

Source: Dinar Recaps


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