Iraqi Dinar Discussion Board

[Aerospace]

Currency in Circulation
This has been posted a number of times. I don't know why people continue to try and dispel it.
Many of the raise 3 zero articles have claimed 20 to 25 trillion dinar in curculation.
It's called "currency outside of banks"
http://www.cbi.iq/documents/key_financial.xls

Here they clearly say "currency outside of banks" is the currency component of the money supply, they even say it's the currency in circulation minus vault cash.
http://www.cbi.iq/documents/Key_Financial_Indicators_Documentation.pdf

It really can't get much clearer than this.
This is their currency in circulation number.
People fight it and claim it's not because that one number, that number all by itself assures that there will never be a large RV.
Lop 3 zeros from the number, then a 1:1 exchange rate makes perfect sense.
1:1 without a lop of 3 zeros is simply unreasonable to even think about.