Replies to post #12266 on Iraqi Dinar Discussion Board (IQD)

[strongtower]

good luck on him answering you.

[Aerospace]

I posted this on here back in May.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=19413136
Iraq at one time had a 1:3 exchange rate. At that time I think they had 1,5,10 and 25 dinar notes.
Then as the value dropped they had to print larger denomination bills. In 1995 Iraq started issuing 250 dinar notes. They issued 2.4 trillion worth.
Then in Aug of 02 Saddam started pumping out 10,000 dinar notes due to further inflation.
That is a perfect example of inflation generated zeros. They print more currency, causing inflation, which they answer by printing more currency at higher denominations… causing higher inflation… it’s a vicious cycle.