Replies to post #4705 on Iraqi Dinar Discussion Board (IQD)

[dcjr4107]

the price of a country's money in relation to another country's money. An exchange rate is “fixed” when countries use gold or another agreed-upon standard, and each currency is worth a specific measure of the metal or other standard. An exchange rate is “floating” when supply and demand or speculation sets exchange rates (conversion units).

[wciappetta]

You may want to consider this angle. when it comes to who is telling the truth here I think I'll side with the State Dept. here.


It’s little revelations like this one here that cause me to smile. Here is a document that admits circulation levels are half the official record for that timeframe [Nov 2005]. Possibly the numbers from the record are fudged to keep the nosey at bay? Could they be half the stated record? Plus considering the huge amount of dinar removed over the past few months, well far be it from me to gauge this potential exchange rate level. In light of this it would appear that the good solid numbers of years gone by are not so difficult to reach; no matter what formula you subscribe to.



Ensuring Economic Stability. USAID programs assist Iraq’s Ministry of Finance, COSIT, and Central Bank in meeting IMF requirements. These efforts are expected to return $480 million in the IMF Standby Agreement in December 2005 as well as debt forgiveness of $27 billion from the Paris Club in March 2006. Working with the Ministry of Finance, USAID introduced the new dinar to promote national unity and allow a functioning monetary policy. Currently, 4.62 trillion new Iraqi dinars are circulating.
Connecting Iraq to the Global Economy. The private sector is the engine for sustainable job creation and economic growth. To help guide policy reform, USAID’s Investor Roadmap analyzes constraints to investment. The Investment Promotion Agency, recently established with USAID assistance, will serve as a resource to international investors. USAID worked with the MoF to develop a Competitiveness Study, helping integrate efforts to create a robust private sector that fosters job creation

http://72.14.205.104/search?q=cache:FYwdpgGKWaEJ:pdf.usaid.gov/pdf_docs/PDACG063.pdf+Social+Safety+N...

Here is the CBI aggregate record:
http://cbiraq.org/Monetary%20Aggregates.xls

[wciappetta]

deleted due to double post