Iraqi Dinar Discussion Board

[Aerospace]

Trinity… you say you disagree with me, but then you state “the biggest impediment to this is all the notes that have been printed”

That is exactly what my opinion is based on. I posted this on here back in March.

http://www.cbiraq.org/Binder4.pdf

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
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
03.............3.78T........1459

These are figures that the CBI has put out now that they are allowed to publish them. Saddam would not allow it during his reign, and we can see why.

Back in the early eighties when the oft mentioned 1:3 exchange actually existed Iraq’s money supply was probably less than 20 billion. During the eighties Saddam burned through the countries currency reserves, that destroyed the value, then as you can see, during the nineties Saddam turned on the printing presses and really put the hurting on the value of the currency.
It was not us that trashed the value of their currency, that is one of the big lies that keep on circulating on dinar boards. It is totally not true.

When we invaded and they did the exchange to the current dinar…. The Swiss dinar was being used in the North… The entire rest of the country was only using two different notes. A 200 dinar note and a 10,000 dinar note. This is documented in many different places. If as the lie goes… and Iraq really had a 1:3 exchange rate at that time then Iraqis were walking around doing their business with only $600 and $30,000 dollar bills.
It’s just not true.