Iraqi Dinar Discussion Board

[Aerospace]

Who's mad… I’m quite calm in my beliefs. How about you dispute the numbers. Find one… just one currency, excluding the Euro, that has an M2 number comparable to Iraq, but yet still has an exchange rate anywhere close to 1:1.
I only need one out of the approx 200 currencies out there and I’ll be a believer.
Iraqs M2 numbers is about 1000 times higher than all the countries with a near 1:1 exchange rate. That’s why their exchange rate is 1000 times worse. It’s also why they will reissue new currency and lop 3 zeros if they want an exchange rate near 1:1.

Just as was stated here.
http://www.iraqdevelopmentprogram.org/idp/news/new1297.htm
Iraq is considering redenominating the dinar, printing new banknotes to remove inflation-generated zeros from its currency, the finance minister said yesterday.
Senior government and central bank officials have said the proposal has been under consideration for some time to make one new dinar equal to 1,000 current dinars, a move that would bring the currency closer to parity with the US dollar.


That is the plan. Either to lop to get to 1:1 or no lop and have a rate around 1000:1 at best.
They would not have a plan to lop and get to 1:1 And also a plan for no lop and get to 1:1... It just doesn’t compute.
It’s like you and your wife sitting down and figuring out your finances and saying we can afford to buy this 100 thousand dollar house. Then looking at the same finances… and saying we can afford this 100 million dollar house.

One currency… one out of 200 and I’ll never bring up M2 on this board or any other.
Heck…Show me one… and I’ll never post at all on this board again.