We’ve been waiting to hear some more information out of Alaq, the Central Bank Governor. Here’s Alaq – Article “The monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate” That’s pretty powerful language from Alaq…They talked about the volume of their reserves and how much they have increased it to well over $110 billion. They’ve got gold reserves. They have that so they have the mechanisms in place to be able to have stability.
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