Iraqi Dinar Discussion Board

[Aerospace]

I'm not saying the budget is an issue. I'm just talking about the budget to explain why Iraq is buying back large amounts of dinar. They buy it back, but they turn right around and put it back into circulation through budgetary spending.

Take the US for example.
The United States collects 3 Trillion dollars a year in taxes.
Spending should only be 3 trillion and we would have a balanced budget. Of course we're screwing that up, but that another topic.

Iraq doesn't collect taxes the way our gov does. All they have at this point is oil, they use the dollars from oil sales to buy back dinar to fund the budgets.