I'm not sure what you are talking about.
But I have posted a number of times recently the proof from the Central Bank of Iraq that any REDEEMED (bought back) currency is taken into account when they report the numbers.
Why is this so hard to understand.
Lets use round numbers for simplicity.
Let's say Iraq has 25 Trillion dinar in circulation.
They have a budget of 80 trillion, but we'll say that only 52 trillion of that is in dinar expenditures, the rest are dollars.
So Iraq is going to spend 52 Trillion dinar this year.
They need to buy back 1 trillion dinar a week just to break even and keep the money supply at roughly the same level. (other things will effect money supply, not just Gov spending.)
They have been doing it this way for years now.
Think about this. For the last 5 years, let's say Iraqs budget has been 50 Trllion as an average. That means the Iraqi gov has pumped out nearly 250 Trillion dinar in that time. That's what their money supply numbers would be if they weren't taking into account all the bought back money in their reported numbers.
Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.
