Iraqi Dinar Discussion Board

[Aerospace]

For those that think M2 is shrinking.
From Iraq's latest letter of intent.
http://www.imf.org/external/pubs/ft/scr/2008/cr0817.pdf
Page 31, about half way down the page. They show that currency outside of banks is projected to be almost 15 trillion by now. Which it is according to the CBI financial spreadsheet.
That backs the numbers I have reported on here.
15 outside of banks, 12 in banks... for a total of 27 trillion M2.
Now look to projected by 2009... over 18 trillion.
They plan on adding 3 more trillion in currency outside of banks over the rest of the year.

THEY ARE NOT REDUCING CURRENCY IN CIRCULATION AND THEY HAVE NO PLAN TO REDUCE CURRENCY IN CIRCULATION.