Iraqi Dinar RUMOR BOARD

[Aerospace]

I don’t understand… good one.
Look… most physical currency is NOT held by banks and corporations. I don’t know where you are getting that information from. Currency in circulation is just that… currency out there circulating around. The USA has a little less than one trillion of it, and Iraq has about 22 trillion of it.
HUGE HUGE HUGE demand for dollar world wide. ZERO ZERO demand for dinars world wide, except for dinar speculators.
Now… what you are talking about is M2… M2 is the currency in circulation PLUS a number of different types of bank accounts. Yes a large majority of M2 is held by banks and large corps… of course that’s true because a majority of it is just electronic digits. Obviously you can’t put that in your pocket.
The US has a M2 number around 8 trillion I believe… they also use to report a M3 number, they no longer report it. It is estimated to be around 15 trillion I believe.
Iraq has and reports a M2 number, it is 45 Trillion.

Kuwait… you do realize that Kuwait is still pegged to the dollar don’t you? The only thing Kuwait did was they use to be pegged ONLY to the dollar. They changed it to a basket of currencies. That basket is made up of dollar, euro, sterling, Swiss franc… and I bet the dollar is weighted at about 50% and the other make up the other 50%.

Thanks for helping me understand.