Muhammad Saleh…says their reserves are $115 billion which is up from the $90’s. They also increased their gold reserves from about 96 tons to 132 tons…It’s really truly amazing …by him saying we have about 5x what we need in foreign reserves…to me that means they’re going to be able to support the value of their currency because they have such a huge amount of reserves and gold and money coming in from abroad. I think they’re bringing this up today is because it’s going to give support to the investors to know they have the ability to…defend the currency value.
