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Aerospace

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Aerospace

Re: sportfisher post# 23972

Wednesday, 04/07/2010 1:31:55 AM

Wednesday, April 07, 2010 1:31:55 AM

Post# of 29692
Exactly! You got it.
All currency redeemed, or bought back, by the CBI is no longer considered in circulation.

Remember the Kuwait story and their dinar.
Kuwait only had about 400 million dinar in circulation when Saddam invaded them. He broke into the Central Bank of Kuwait and stole billions that they had stockpiled for future use. That’s why the value of the Kuwaiti dinar plunged on the street, he basically dumped billions of illegal Kuwaiti dinar into circulation on top of the small legitimate amount.
That currency in Central Bank is not part of currency in circulation.

Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

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