Iraqi Dinar Discussion Board

[Aerospace]

Anyone who knows the slightest little bit about economics and currency knows that M0 is part of M2. To claim otherwise is rediculous.

The Central Bank of Iraq Says this.
http://www.cbiraq.org/Key%20Financial%20Indicators%20Documentation.pdf

5. Money Supply (M2)
Monthly: Reported by Research & Statistics Department (as at the end of the month, in billions of Dinar) from the monthly regulatory reports of all commercial banks.
Currency in Circulation outside of banks (see 4.a above)
Deposits in Commercial Banks, excluding central government deposits, interbank
accounts, and accounts of a current nature.
Weekly: Reported by Research and Statistics Department as at the end of every
Thursday.
Currency in Circulation outside of banks is currency put into circulation as
reported weekly by Issuing Dept. less dinar cash in vaults of banks as reported by banks in the
“Monthly Reserve Calculation Period Report of Deposits and Vault Cash” .
Deposits in Commercial Banks, excluding central government deposits, interbank
accounts, and accounts of a current nature as reported by banks in the “Monthly Reserve
Calculation Period Report of Deposits and Vault Cash”.

4 a - Currency outside banks, i.e., the currency component of the money supply as shown in the Analytical Balance sheet (Item 8) which is derived from the following sources (currency put into circulation reported by Issuing Dept. less vault cash(item 8.1 of Analytical Balance Sheet) reported by Research & Statistics Dept.). From December 2003, currency in
circulation is the new currency issued by the CBI less redemption of old and damaged new currency notes. Prior to October 2003, currency in circulation is all Iraqi Dinar (other than the 25 swiss Dinar notes) issued by the CBI (both Swiss and Saddam Dinar at face value) less redemption of old and damaged notes and issued currency in vaults of CBI.