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Aerospace

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Aerospace

Re: AUdad post# 4773

Wednesday, 02/28/2007 8:18:47 PM

Wednesday, February 28, 2007 8:18:47 PM

Post# of 29692
As reported by the Central Bank of Iraq
In 1991 Iraq had a money supply of 24.6 billion.
http://www.cbiraq.org/Binder4.pdf
Check out table 2.
Then scroll down to table 10 to see what happened to the exchange rate as the money supply ballooned.

As of Nov 2006 that number now stands at 19.68 Trillion.
http://www.cbiraq.org/key%20financial.xls
Line 66.

Maybe you have a different word to describe a near 1000X increase… dilution works well for me.

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