'History of the New Iraqi Dinar '

://breitlingcurrency.blogspot.com/2012/09/history-of-new-iraqi-dinar.html

BREITLING OFF TO ANOTHER LEVEL !

DO YOUR SELF, YOUR FAMILY AND YOUR FRIENDS A FAVOR ! YOU CAN DO THIS WAKE UP PEOPLE YOUR GOLD PLATTER IS BEING HANDED TO YOU. TAKE IT AND RUN ! ALL THE BEST TO YOU AND YOUR'S...CHECK OUT HIS NEW BLOG
"INVESTMENT-ROCKSTARS"

Breitlings Tuesday Comments 5/15/2012

JUST GOOD FOOD FOR THOUGHT, IN MY OPINION BREITLING AT HIS BEST...ENJOY ! AND CHECK OUT HIS BLOG CAN'T GO WRONG THERE...

Dinar Daddy Interviews Ali of Dinar Trade... He's Back!

Enjoy !
http://www.blogtalkradio.com/dinardaddy/2012/04/22/dinar-daddy-interviews-ali-of-dinar-trade-hes-back

SCOOTER POST: WEDNESDAY NIGHT REVALUE.US CALL

Hi Folks,
I hope you are well!  Here's a FUN call with the folks at ReValue.US.  The winner of  THE BEST GURU STORY was announced and the storyline was disclosed with cross examination.   A touch of fun is always welcome, particularly in this whacked-out dinar world we reside.
LINK TO CONFERENCE CALL
https://www.freeconferencecallhd.com/playback.html?n=124-17-65-67118285320108332-17-65-67-54-125-17-65-67-17-65-6721-17-65-67;0MjgzMDI1Nzk=1

Interview with CBI’s Shabibi: Dropping zeros; Iraq’s reserves $60 billion

Detection of the Iraqi Central Bank Governor Dr Sinan Shabibi, in a dialogue with the «weekly» that the restructuring of the national currency, starting with the deletion of zeros from the dinar, a very important step, because they relate to the direct purchasing power and inflation.
http://iraqidinarchat.net/?p=2493

<div id="embedded_article"><p><b>Source:</b> <a href="http://iraqidinarchat.net/?p=2493">www.iraqidinarchat.net</a>
</p><script type="text/javascript" src="http://js.embedanything.com/article/js_snip/5cf2bd840defa69f46336b0c1a960aa73c9645de"></script></div>

2012 BUDGET ANALYSIS -- THREE YEAR MEAN AVERAGES AND INCREASES

Hi Folks,
I hope all is well.  Here are the last three years of Iraq's budgets and increases tied those budgets.  I will be posting additional information regarding the "DRAINAGE" funds from 2006 - 2010 in the coming week.  Please review at your leisure
Enjoy,
Scooter
http://emerginggeos.blogspot.com/2012/04/2012-budget-analysis-three-year-mean.html

SCOOTER'S - WEDNESDAY NIGHT DIATRIBE AT THE LOUNGE

Here's Wednesday night' diatribe at the lounge.

Have a great week,

Scooter

http://emerginggeos.blogspot.com/2012/04/wednesday-night-diatribe-at-lounge.html#links

Foreign investment in Iraq is gaining momentum

After nine years of the U.S. invasion of Iraq to overthrow Saddam Hussein, there have been signs that foreign investment in the country is finally gaining momentum. 
http://www.babnews.com/inp/view.asp?ID=52140

Iraq allocates 100bn dinars to boost public companies

ERBIL, April 16 (AKnews) - The Iraqi government has allocated 100bn IQD ($85m) from the 2012 budget to kick start loss-making state-owned companies and make them profitable.
http://aknews.com/en/aknews/2/301931/

Sweden to open trade offices in Kurdistan

The announcement came in a press conference for the Swedish Trade Minister Eva Björling who is in Erbil on a visit.
http://aknews.com/en/aknews/2/302088/

FRIDAY NIGHT SMACKDOWN - SCOOTER, HIGHLANDER, ENOCH8, PATRIOT, PROTEUS

I apologize for the long absence but there were priorities that consumed 100% of my time. Nevertheless, this was a great call which discussed some of the recent events in Iraq, the CBI, and the latest Council of Ministers decisions.  Overall, SUPER CALL and the link is below:

https://www.freeconferencecallhd.com/playback.html?n=-17-65-671477929125911711264-17-65-671-17-65-67123-17-65-67;0MjgzMDI1Nzk=1

Exxon Mobil is committed to Kurdistan contracts

ERBIL, April 7 (AKnews) - Exxon Mobil CEO Rex Tillerson stated that his company will continue its operations in the Kurdistan Region.
Tillerson said Exxon is committed to the contracts that it has signed with both the Iraqi government and with the KRG.
http://aknews.com/en/aknews/2/300230/

Remember This? US Federal Reserve’s United Federation of North America Note Ready For Circulation

They are laying in wait until Harper wins a majority and dissolves Canada, the Canadian flag and the Canadian Dollar. The Federal Reserve’s North American Union Note has already been printed to replace the US Federal Reserve Note, the Canadian Dollar and the Mexican Pesco.




http://goingglobaleastmeetswest.blogspot.com/2012/04/remember-this-us-federal-reserves.html

Obama, Harper, Calderon Meeting Today

Talks among Canadian, Mexican and U.S. leaders Monday would focus on economic and security issues, officials said.


http://goingglobaleastmeetswest.blogspot.com/2012/04/obama-harper-calderon-meeting-today.html

Dollar long bets rise to largest since January: CFTC

(Reuters) - Currency speculators boosted their bets in favor of the U.S. dollar in the latest week to their largest since January, according to data from the Commodity Futures Trading Commission released on Friday.

http://www.reuters.com/article/2012/03/30/us-markets-forex-imm-idUSBRE82T18V20120330

Iraq and Finland to sign trade agreement this month

A Finnish delegation visited the Kurdistan Region last year and revealed Finland's intention to strengthen ties with the Kurdistan Regional Government.

http://aknews.com/en/aknews/2/299276/

ISX - Performance of the market 1/4/2012

Market Summary

Main Index

122.45

Change

0.12

Change %

0.10%

Value Traded

2,290,131,563

Shares Traded

1,240,796,630

Trades

527

Symbols Traded

35

Symbols Up

15

Symbols Down

10

Flat

10

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en

Iraq Finance ~ one of the most important economic consequences of Arabic Arab Summit the establishment of banks for development...

Al-yasseri said in a press statement: Economic Conference has positive economic results will include both Arabic peoples through the development of strategies, plans and work towards economic integration, which will standardize Arabic markets and mergers of banks, as well as the establishment of an Arab banks for development, will contribute to the process of economic integration among Arabic States.




NOTE: Just a thought - Arabic States Unite & Brics Unite where does that leave us ? "Amereo" Canada, USA & Mexico !
http://goingglobaleastmeetswest.blogspot.com/2012/03/iraq-finance-one-of-most-important.html

Saturday, March 31st: Operation Global Blackout: Hackers Intend to Shut Down the Internet by Disabling Core DNS Servers

The hacking group known as Anonymous intends to attack the core servers that control the routing of all internet traffic. DNS, or Domain Name Servers, are a critical backbone of the web and make it possible for internet surfers to reach web site destinations by typing in a domain name in their browsers. 
http://goingglobaleastmeetswest.blogspot.com/2012/03/march-31-operation-global-blackout.html

Brave New Bank? BRICS moot dropping dollar, IMF

Look down the road protect your money and investments diversify... 

http://goingglobaleastmeetswest.blogspot.com/2012/03/brave-new-bank-brics-moot-dropping_29.html

Breitlings Thursday Show 3/30/2012

Solid Advise !

Shout out to Tony Thank you for what you do !
http://breitlingcurrency.blogspot.com/2012/03/please-any-questions-send-to_30.html

* Kuwaiti Ambassador declared that Kuwait will work after the summit to remove Iraq from Chapter VII

He told the Baghdad international news today: “The Kuwaiti government will cooperate with Iraq to open many areas and provide real support at all levels needed by Iraq and its people and work to end the sanctions imposed on it.”

http://theiraqidinar.com/2012/03/29/kuwaiti-ambassador-declared-that-kuwait-will-work-after-the-summit-to-remove-iraq-from-chapter-vii/

* Before arriving in Baghdad …. Ban Ki-moon in Kuwait: commitment to the decisions on Iraq out of Chapter VII?

http://theiraqidinar.com/2012/03/29/before-arriving-in-baghdad-ban-ki-moon-in-kuwait-commitment-to-the-decisions-on-iraq-out-of-chapter-vii/

* BRICS summit to explore creation of bank

Group of five rising  powers to discuss creation of “South-South” development bank in mould of  World Bank.The proposal of a development bank is high on the agenda at the summit of the five BRICS bloc nations – Brazil, Russia, India, China and South Africa – starting on Thursday in New Delhi.

http://theiraqidinar.com/2012/03/29/brics-summit-to-explore-creation-of-bank/

* Kuwait Finance: the summit in Baghdad, marks the return of Iraq to the Arab world

A keystone for Iraq, and the world in many aspect's.


http://theiraqidinar.com/2012/03/29/kuwait-finance-the-summit-in-baghdad-marks-the-return-of-iraq-to-the-arab-world-2/

Date: Thursday, 29.03.2012 7:19 Iraq poses the single currency project on the Arab ministers of economy

Finance Minister Rafie al-Issawi told a news conference held on the sidelines of the Ministers of Economy and Finance Arabs: "The Iraqi delegation to introduce a single currency at a meeting of economic ministers Arabs similarity of the euro for the EU." 
He explained that "this project, if implemented, will enhance the capacity of countries of the Arab Economic It will address the problems of inflation and unemployment and slack economic that has plagued Iraq and a number of Arab countries. " 
http://almadapaper.net/news.php?action=view&id=62855

Breitlings Thursday Show 3/29/2012

Hello all, I have shared Breitling's site before with the intent for people to stay grounded. I find him to be very resourceful and speaks from the heart. Anyway, here's his latest audio and for any new investors give him a look.  And as always stay safe...Much Love

http://breitlingcurrency.blogspot.com/2012/03/breitlings-thursday-show-3292012.html

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End

The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen.  For decades, the use of the U.S. dollar has been absolutely dominant in international trade.  This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe.

Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars.  But there are big changes on the horizon.  The mainstream media in the United States has been strangely silent about this, but some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade. 
http://theeconomiccollapseblog.com/archives/10-reasons-why-the-reign-of-the-dollar-as-the-world-reserve-currency-is-about-to-come-to-an-end

Warka Bank !

For those who don't know !
Dear Warka Clients,

Please note that due to the coming Arab High Summit a national holiday has been announced starting Wednesday March 21 till April 1 2012 where our bank will be closed during this period.

best regards


http://warka-bank.com/?0d64a1934dcafd4bf6a2baf2b6

* BAGDAD COMES TO A HALT!!!

BAGHDAD, March 28 (AKnews) – Baghdad has witnessed unprecedented security procedures today that include the imposition of an unannounced curfew in several areas, in addition to closed bridges and streets and the blocking of phone services for more than six hours.


http://theiraqidinar.com/2012/03/28/bagdad-comes-to-a-halt/

Great News ~ The National Meeting will be Held Next Week ~ Maliki says To Complete All Issues ASAP ...

http://goingglobaleastmeetswest.blogspot.com/2012/03/great-news-national-meeting-will-be.html

ISX ~ Open April 1st And the deletion of three zeros from the local Currency Will Not Affect the Level of Equity Investment

Baghdad, The body of the Iraq Stock Exchange today, Saturday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal.
And announced that the Securities Commission for its off day starting from Sunday until next Thursday in response to the holiday announced by the Iraqi government. 
http://goingglobaleastmeetswest.blogspot.com/2012/03/isx-open-april-1st-and-deletion-of.html

* Economic parliamentary: Iraq’s new currency will include the Kurdish language and archaeological features of the Kurdistan region

http://iraqidinarchat.com/viewtopic.php?f=12&t=3310

Iraq and BP seal agreement to increase production of Kirkuk oil field

BAGHDAD, March 24 (AKnews) - The state-owned Iraqi Northern Oil Company has signed a preliminary agreement with BP to increase the production of Kirkuk field to 580,000 barrels per day (bpd) from about 280,000 bpd.
http://aknews.com/en/aknews/2/297546/

Iraqi Stock Exchange stopped trading activity over the next week

A statement of the Stock Exchange received the news agency of public opinion (and babysit) a copy of Thursday "suspension begins on Sunday, March 25 till Thursday 29 March current on the occasion of the Arab summit in Baghdad."

http://alrayy.com/45975.htm

* UN: MOON TO KUWAIT AND THEN ARAB SUMMIT

UN Secretary General Ban Ki-moon will pay a visit to Kuwait on March 28-29 
On Iraq’s exit from Chapter VII of the UN Charter, Ambassador Al-Otaibi said Kuwait “is not and will not be an obstacle against Iraq’s exit from Chapter VII of the Charter.” This issue, he added, “is in the hand of Iraq itself and is linked with its compliance with its obligations in the relevant Security Council resolutions, and it is the Security Council not Kuwait that decides on Iraq’s exist from Chapter VII.”  
http://theiraqidinar.com/2012/03/22/un-moon-to-kuwait-and-then-arab-summit/

* General Motors and Ford are planning to enter the Iraqi market

Major U.S. carmakers intention to “invest in Iraq,” indicating that “the investment of 200 million dollars by opening new outlets in Iraq over the 3 years.” 


http://theiraqidinar.com/2012/03/22/general-motors-and-ford-are-planning-to-enter-the-iraqi-market/

Maliki: Iraq resolved all outstanding files with the UN, Arab States 22/03/2012 16:28:00

He said "Iraq was able to settle all outstanding files, both with the United Nations or the Arab countries. Hosting Baghdad Arab Summit is a proof of the return of Iraq to the Arab surroundings."


http://www.ninanews.com/English/News_Details.asp?ar95_VQ=FKIIJF

ISX - Performance of the market Latest Update 22/03/2012

 Market Summary

Main Index

122.33

Change

1.55

Change %

1.28%

Value Traded

2,470,429,431

Shares Traded

1,248,685,773

Trades

417

Symbols Traded

32

Symbols Up

20

Symbols Down

7

Flat

5

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en

The Iraqi market for securities trading announce more than 46 billion shares in February

03/21/2012 - 09:51

Sumerian News / Baghdad 
Market announced the Iraq Stock Exchange, Wednesday, from trading in more than 46 billion shares valued at more than 81 billion dinars during the month of February, compared to January which is the total shares traded more than 24 billion shares. 

CBI

CBI waiting for the green light to start printing the currency in which also includes the Kurdish language

http://iraqidinarchat.net/?p=1337

* Lukoil, Iraq to Sign $998M West Qurna Deal with Samsung

Russia’s OAO Lukoil Holding and Iraq will officially sign a $998 million deal Thursday with South Korea’s Samsung Group to develop the supergiant West Qurna phase 2 oil field in southern Iraq, the Iraqi oil ministry said in a statement Tuesday. 


http://theiraqidinar.com/2012/03/20/lukoil-iraq-to-sign-998m-west-qurna-deal-with-samsung/

ISX - Performance of the market - Latest Update 15/03/2012

Main Index

122.56

Change

0.35

Change %

0.28%

Value Traded

2,415,686,534

Shares Traded

1,214,633,388

Trades

779

Symbols Traded

45

Symbols Up

8

Symbols Down

25

Flat

12

* (Kaperoni): Dinar Updates 3/7/12

How do I know the rate will be around 1.2 to $1 initially? Because Iraq said so. Not once but numerous times. There are at least 20 articles discussing new lower notes and an exchange rate of 50 dinars equals about $43 US. That is in fact, 1.2 to $1. Assistant Professor and Dean Dr. Fadel who helped create the “delete 3 zeros” plan back in 2006-2007 states 1.2 to $1 and makes this offering… “The deletion process will be on according to the following: it becomes the U.S. dollar at today’s prices = 1200 fils in the sense that the U.S. $ 100 = 120 dinars, which is very suitable for such a stage that the government control inflation and keep it at reasonable levels.” Again, more confirmation of an initial rate of 1.2 to $1. Now one final bit of proof, Saleh who is Deputy Governor of the CBI has documented in tables that the rate of the dinar is somewhere from 1.17 –1.30 per $1. Again, more real confirmation.
http://theiraqidinar.com/2012/03/07/kaperoni-dinar-updates-3712/

* (Kaperoni): Dinar Alert 3/6/12

“The CBI is Revealing” - K

aperoni: Today’s chat is a dinar chat. I know I will get bashed for trying to put a finger on this, but I wanted to do so to give everyone a sense of reality. I pulled some great information together to clear up the picture.

http://theiraqidinar.com/2012/03/06/kaperoni-dinar-alert-3612/

British trade association has brought 100 companies to Kurdistan and plans to bring more

 A British trade association has brought 100 companies to the Kurdistan Region over the last five months alone, according to a statement from the Kurdistan Regional Government (KRG).
The 26-strong Middle East Association (MEA) trade mission also plans to bring more companies to the region for the Erbil International Fair in October.
The association visited the Kurdistan Region for the tenth time last week in an effort to cement commercial ties with the UK.
http://aknews.com/en/aknews/2/294323/

8BALLS - Focus on Iraq

Excellent information site ! Take a Look...


http://www.moveforwardalready.blogspot.com/

Breitlings Tuesday Comments 3/6/2012

Really good show and info...
http://breitlingcurrency.blogspot.com/2012/03/breitlings-tuesday-comments-362012.html

Breitlings Monday Comments 3/5/2012

Regarding - Warka Bank
http://breitlingcurrency.blogspot.com/2012/03/breitlings-monday-comments-warka.html

 Market Summary

Main Index

122.75

Change

0.26

Change %

0.21%

Value Traded

3,051,205,764

Shares Traded

1,882,066,086

Trades

700

Symbols Traded

49

Symbols Up

14

Symbols Down

20

Flat

15

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en

ISX - Market Summary Latest Update Latest Update 04/03/2012

Main Index

122.26

Change

0.44

Change %

0.36%

Value Traded

13,578,074,756

Shares Traded

7,786,447,927

Trades

712

Symbols Traded

51

Symbols Up

19

Symbols Down

20

Flat

12

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en

* 8ball (chat – Chapter 7 IMF Budget whats the trigger?): 8BALLS – Focus on Iraq 3/2/12

http://theiraqidinar.com/2012/03/03/8ball-chat-chapter-7-imf-budget-whats-the-trigger-8balls-focus-on-iraq-3212/

Central Bank Act to issue calls for the deletion of zeros from the currency

Iraqi Central Bank Governor Sinan Shabibi - calling for the House of Representatives to pass a law to delete the zeros of the Iraqi dinar and replace the currency


Salih stressed that this project is under way and the Central will be issued a new currency exceeds specifications global currency


http://almadapaper.net/news.php?action=view&id=61122

* Iraq Seeks up to $700bn Investment in Infrastructure

Sami al Araji, chairman of Iraq’s National Investment Commission (NIC), compared the opportunities in Iraq to “Germany after the Second World War”, adding, “our message to the world is that we are open for business — there are huge opportunities”.
Dennis Flannery, Iraq country head of global investment bank Citigroup, told the conference that the oil industry will throw up tremendous wealth that will transform Iraq, calling the country a “great frontier opportunity for investors.” 
http://www.iraq-businessnews.com/2012/02/29/iraq-seeks-up-to-700bn-investment-in-infrastructure/

* Egypt’s Orascom Wins $363m Power Contract

Iraq’s cabinet has approved a $363 million (435 billion Iraqi dinar) contract on Tuesday with Egypt’s Orascom Construction to build a 1,014 MW gas-fired power plant in the northern town of Baiji
http://www.iraq-businessnews.com/2012/02/29/egypts-orascom-wins-363m-power-contract/

* Economist: Delete the zeros sound decision and timing appropriate

The participants agreed on the timing for the launch of the new currency (after) deleting three zeros were correct timing contributed to the stability of the currency market.
The appearance of Mohammed Salih, Deputy Governor of Central Bank of Iraq has made it clear to the participants - delete the zeros and the continuation of the two currencies in circulation for two years so as to accomplish the task successfully and revealed that what is left of the currency for some can be replaced after two years, not allowed to trade for ten years.


http://theiraqidinar.com/2012/02/28/economist-delete-the-zeros-sound-decision-and-timing-appropriate/

* Deputy for CBI: Project to delete the zeros from the currency-based and will be announced as soon as GOI approval

SOLID NEWS AND PRETTY CLEAR TO WHERE THEY ARE AT ...


Saleh said - central bank exceeded the advanced stages in the preparation...
For the project to delete the three zeroes from the currency and within a specific time frame as a reform project of the Iraqi currency...
He added that in the event of obtaining approval by the federal government on the implementation of the project...
Will be announced on its implementation and contract with advertising companies and the media to educate citizens on how to use the new currency and to answer all questions raised...
We are now awaiting approval from them to get to the final stages of project implementation.
http://theiraqidinar.com/2012/02/28/deputy-for-cbi-project-to-delete-the-zeros-from-the-currency-based-and-will-be-announced-as-soon-as-goi-approval/

ISX - Market Summary Latest Update Latest Update 27/02/2012

Market Summary

Main Index

123.16

Change

0.21

Change %

0.17%

Value Traded

1,853,546,319

Shares Traded

1,022,448,401

Trades

685

Symbols Traded

46

Symbols Up

9

Symbols Down

19

Flat

18

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en

UNDP REPORT: ARAB DEVELOPMENT CHALLENGES 2011

Hi Folks,
For those interested in the MENA (Middle East & Northern Africa), here's some excerpts from the UN's Development Team (UNDP).  The report is titled:
ARAB DEVELOPMENT CHALLENGES REPORT 2011
Scooter
http://emerginggeos.blogspot.com/2012/02/undp-report-arab-development-challenges.html

Emerging Geo's

Hi Folks,
I hope you are well!  This call is Chapter II of Highlanders Mythbuster's Series on the Iraqi Dinar. Exceptional topic and call!   The is the first hour of the call and the topic is below:
Free Market Economy vs. Oil Dependency (good, bad, ugly)
I hope you enjoy,
Scooter
http://emerginggeos.blogspot.com/2012/02/revalue-conference-call-highlander.html

PAPER MONEY !

A SNAP SHOT OF REALTY CAN YOU IMAGINE  DOING A LITTLE FOOD SHOPPING. THE AMOUNT OF CASH YOU WOULD HAVE TO CARRY IF OUR CURRENCY WAS WORTH A TENTH OF A PENNY. IT CAN'T CONTINUE LIKE THIS IT'S CRAZY ESPECIALLY HOW RICH IRAQ IS AND HOW FAR THEY HAVE COME WITH THE WORLD COMMUNITY. THIS IS WHY THE VALUE OF THEIR CURRENCY THE DINAR WILL RISE AND THEIR MINIMUM TARGET VALUE PER THE MINISTRY OF PLANNING IS $1.17 TO THE DOLLAR...
  

FEBRUARY 21, 2012 It’s now the right time to keep Vietnam dong !

The State Bank of Vietnam had kept the dong/dollar interbank exchange rate at 20,828 dong per dollar for the 39th consecutive day by late last week. The exchange rate stabilization has prompted people to sell dollars and keep dong.

Nguyen Ngoc Lan in Hoan Kiem district in Hanoi on February 16 morning came to Eximbank to ask about the dollar prices, planning to covert the dollar deposits at the bank to dong deposits.

Lan said that the central bank has been keeping the exchange rate unchanged for the last 40 days, which means that the exchange rate would be stable in the time to come. Therefore, Lan decided to sell the dollars she has to buy dong to deposit at banks. While the dollar deposit interest rates stay at two percent per annum, the dong deposit interest rate is 14 percent per annum. Therefore, it would be more profitable to deposit in dong than in dollar. 

In the past, the central bank sometimes had to devaluate the local currency by 5 percent, 7 percent or 10 percent, depending on the supply and demand. Once the supply was short, the exchange rate expectations increased.

http://www.vietfinancenews.com/2012/02/its-now-right-time-to-keep-vietnam-dong.html

Iraq has large reserves of gold; Not affected by the volatility of world prices

A member of the Economic Committee MP for the coalition in Iraq Qusay Gomaa said Iraq will not be affected by fluctuations in the price of gold in international markets because it has large reserves of gold and jewelry.
http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D45135#axzz1nHoeXxNJ