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Aerospace

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Aerospace

Re: None

Wednesday, 03/07/2007 2:32:21 PM

Wednesday, March 07, 2007 2:32:21 PM

Post# of 29692
Central Bank of Iraq updates money supply numbers.
The CBI has posted the money supply numbers for Dec 2006. There was rampant speculation throughout Nov and Dec that the CBI was removing Trillions of Dinar from circulation based on the fact that they were buying large amounts in the daily auctions. Well the results are now in and that has been proven to be false speculation.
As of Dec 2006 Iraqs money supply is 21.198 Trillion Dinars. 10.232 Trillion of that is in the form of deposits… leaving 10.965 Trillion in currency outside of banks.
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