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Post# of 29692
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Aerospace

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Aerospace

Re: ckirbygo post# 19394

Wednesday, 01/28/2009 11:14:43 PM

Wednesday, January 28, 2009 11:14:43 PM

Post# of 29692
I'm sure it all didn't get exchanged... I see it on ebay all the time... lol
There were numerous articles that stated that the initial exchange was about 4.5 trillion dinars. That number has grown to the figure shown in the chart. Red line, blue line…
The other numbers are numbers reported by the CBI after they were liberated. Saddam never allowed the numbers to be published.
Not sure what you are thinking I added up. The one chart shows current (almost) circulation and M2 amounts. The other from the 90’s just shows what the M2 amount was back in those years and how it grew.
The chart shows there was only 24.6 billion dinars in M2 in 91 and the rate was already down to 10 cents.
They now have over 1000 times more M2.
I will bet that not all of this dinar will be exchanged either.
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