Frank26

[Iraq boots-on-the-ground report]  FIREFLY:
Mr Sammy says our cash reserves are over 100%.  What that means is every dinar that is in circulation has a cash reserve for it and most other countries only have about 20% of their reserves for money in circulation.  That tells you the financial stability we have is incredible.  We can cover 100% on almost any rate that we want to come out with.