Not sure where you are pulling this number from that you claim Iraq is worth. It’s made up just like your rv of 9-30 cents number.
A countries currency is used to support it’s economy. Countries with huge economies have huge money supplies. Countries with small economies have small money supplies.
Size of economy is measured as GDP… Gross Domestic Product.
I put this comparison together back in May, numbers may have changed a bit but not much. It’s all the middle east countries that would compare to Iraq. It shows Iraq money supply is right in line with where it should be.
Current GDP vs Money Supply.
Iraq is right where they are supposed to be.
SA has 1st GDP , 382B… and 1st money supply $240B
UAE is 2 GDP, 190B… and 2 money supply, $220B
Kuwait 3 GDP, 115B… and 3 money supply, $77B
Qatar is 4 GDP,73B… and 4 money supp, $41B
Iraq is 5 in GDP, 50B… and 5 money supply, $26B
Oman is 6 GDP, 40B… but 7 money supply $19.5B
Bahrain is 7 GDP, 17B… but 6 money supply $21B
As is obvious. The bigger the GDP, the bigger money supply. If Iraq can grow the economy/GDP to near Saudi Arabia’s amount, then there money supply can grow accordingly. But it will not be done suddenly as a magical RV. It will be done slowly over time and it will be done by putting more currency into the system through government spending.
So in about 20 years, Iraq may equal SA, by then their money supply may be near equal. But the value of each dinar may not change one single bit.
