Iraqi Dinar Discussion Board

[Aerospace]

http://www.cbi.iq/xl&wr/key%20financial.xls
Line 65 shows currency in circulation. 18 Trillion
notice the new M2 nuber also... up 2 trillion.
It has and continues to grow despite the lies told by known pumpers on this board..

This document explains what each line means.
http://www.cbi.iq/pdf/Key%20Financial%20Indicators%20Documentation.pdf
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 newcurrency notes.

It specifically states that dinar bought back at action, that would be redeemed currency… it clearly states that the figure in the chart takes that into account. Once it is bought back it is no longer in circulation and they specifically say the figure is less the redeemed currency.