3-17-2014 Newshound Guru tlm724
3-17-2014 Newshound Guru tlm724 Article: "Why you
should not use Central Bank reserves (cover dinar) in the treatment of the
budget deficit?" Currency reserves is the cover of the national
currency and protector, ie it covers at least the currency of the people and
the banks that are guaranteed reserve. This keeps the lid on the value of
the currency and ensure its stability, which is an important condition for
development. Quote: "So it has focused the Central Bank Law in Article 26
on the prohibition of lending to the government. Any lending that would put the
Department of the Central Bank in violation of the law" so not only is the CBI saying no way you are getting those reserves but
they also put it in the banking law making it illegal...how smart is that!
