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Aerospace

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Aerospace

Re: AUdad post# 20218

Friday, 07/31/2009 11:08:25 AM

Friday, July 31, 2009 11:08:25 AM

Post# of 29692
Of course it does. When they created the new dinar they did a 1 for 1 exchange with the old dinar... so they had to honor all those dinar that Saddam printed up. The amount of new currency that was put into circulation was a DIRECT RESULT of Saddam running the printing presses.
The next currency they print will be exchanged at a rate of 1000 for 1 and they will reduce their money supply back to around 30 or 40 billion. And with that the rate will be back near 1:1.
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