InvestorsHub Logo
Followers 2
Posts 1353
Boards Moderated 0
Alias Born 10/16/2006

Re: sea_devil post# 24655

Monday, 04/26/2010 4:09:01 PM

Monday, April 26, 2010 4:09:01 PM

Post# of 29692
There's a bit more to it then just the Exchange Rate. You have to look at the amount of currency they have also. Iraq has 46 trillion in M2. How much does the DR have? Very little in comparison.

check this out. Here is the proof.

http://www.photius.com/rankings/economy/stock_of_money_2010_0.html

Iraq is # 31, they have $26 Billion in money stock.

The DR is # 62, they only have $3.6 billion.

So Iraq has over 7 times more currency than the DR.

See how exchange rate doesn't tell the whole story.
Those numbers are from the end of 08, but they're still relevent.

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

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.