Iraqi Dinar Discussion Board

[Aerospace]

More simple math guys.
Rounded off numbers here…
Iraqs 2008 budget was about 60 trillion dinar.
We saw an article that stated that about 65% of their expenditures were in dinar… so
Iraq spent 65% of 60 Trillion… or about 40 Trillion dinar for budgetary items last year.
They obviously didn’t add 40 trillion to currency in circ or M2 number right. That dinar had to come from somewhere.
$40 trillion for the year means they spent 3.25 trillion dinar a month. So unless they were buying back more than 3.25 trillion a month, the currency number were growing… which the CBI and the IMF have reported they were.
So Rasicas 1 to 1.5 billion a month number makes perfect sense. It allowed them to buy back close to 2 trilllion a month, which they spent on the budget, but they had to add more to it than the 2 trillion bought back, that’s why the currency numbers continue to grow.
IT IS SO SIMPLE!