Iraqi Dinar Discussion Board

[Aerospace]

You have your facts a bit off. The dinar hasn’t been worth $3 since the early eighties. It was almost 30 years ago. The only thing that was $3 was the official rate mandated by Saddam. The whole world laughed at that rate. If Iraq restores a rate anywhere near that again with the current money supply… then the whole world will laugh at them again.
The true value of the dinar, as posted by the Central Bank of Iraq… the street rate, what it was really worth.
Year.........M2............Exchange Rate ID/US$
91.............24.6B.......10
92.............43.9B.......21
93.............86.4B.......74
94.............238.9B......458
95........….705.1B......1674 Iraq starts printing 250 dinar notes (1)
96........….960.5B......1170
97........….1.03T........1471
98.........…1.35T........1620
99.............1.48T........1972
00.............1.72T........1930
01.............2.15T........1929
02.............3.01T........1957 Iraq starts printing 10,000 dinar notes (2)
03.............3.78T........1459 (3)

As you can see, it was already 1600:1 in 1995… about 14 years ago.