4-24-2014 Tlar: The CBI since 2007 and through two different governors has steadfastly protected the reserves...the CBI announced their cash reserves are $100 billion USD equivalency.
They have also announced their gold reserves were 90 tons.
In November they told us the gold reserves were equal to their cash reserves which the cash reserves at the time were standing at 89 billion USD.
Why the discrepancy and what happened to the rest of the gold?
In October if I remember accurately, the CBI announced that because Iraq was now released from Chapter VII UN Sanction that the CBI would be getting 82 billion of released funds from banks around the world. ...where are they going?
My guess is that the CBI has been having them shipped and deposited directly in BIS as well as some being turned into gold purchases and deposited with BIS...
Maliki stated he was going to get the funds.
I believe Turki, in order to keep Maliki from getting these funds, has diverted them directly to BIS.
They are part of the reserves but have yet to be accounted for on the CBI website.
These funds added to Iraq's known reserves and gold holdings makes the CBI one of the strongest banks in the world.
Kuwait has one of the strongest currencies in the world but only has 32 billion in reserves. If we count the CBI's potential reserves, they have almost 250 billion holdings they claim as reserves once the entire 82 billion is brought in house.