Thats true Aerospace, 27T is NOT physical Dinars in circulation, as I showd you again M0 is NOT M2 and MFI documents the LOANS which portray an M2. The Iraqi Government is repurchasing physical Dinars and retiring them. Banks are also doing the same with physical Dinars.
Your argument of M2 27T representing physical Dinars is a misunderstanding and misrepresentation of physical Dinars. The LOP argument is moot as well, the Iraqi Government also denied any validity to the article published over a year ago.
Current events clearly are incongruous with any notion of LOP or 27T representing 'inflating' Physical Dinar in circulation. The reasons are straightforward;
A) Inflation is the lowest it has been in over 17 Years.
B) The NID (Iraqi Dinar) has been valuating ever since its unification into ONE currency in Iraq with the most anti-counterfeit properties established in a World Currency.
C) The Iraqi Dinar has valuated for the Iraqi people first time ever while in war.
D) The pre Hydrocarbon Law investments in the Oil Industry has begun. Most Notably by USA Shell Oil, France Total, Saudia Arabia SABIC, Norway Stat Oil, Russia LUK Oil, etc etc. These investors along with Japan in Basra Port Infrastructure would not be happening if the CBI/MFI were allowing runaway printing and circulating of physical Dinars. In fact the opposite is true...Iraq is repurchasing and retiring the Iraqi Dinar.
E) Governments have also granted Debt Forgiveness to Iraq. Nearly 90% if Debts excluding reparation to Kuwait have been forgiven. Allowing then for some unknown reason to massively inflate the numbers of physical Dinar for circulation is completely counter to this gesture by the World Community, not to mention suicide to the CBI.
I have shown thru the CBI where the Dinar has valuated since replacing the numerous currencies during Saddam's reign. This fact is absolutely counter to any LOP notion as the CBI has earlier stated by denouncing the misrepresentation of the Finance Minister in 2006.
If you WANT to argue the LOP and believe that a LOP is in order..then you should realize that a LOP does not change the value of the Dinar. A LOP is VERY different from a reverse split in that a LOP is to reign in;
A) Multiple currencies into one.
B) Reign in runaway inflation.
C) Make it easier for the country to work with only one currency.
D) To reign in a runaway black market.
E) To attempt some type of valuation of a single currency.
Notice Iran, their current exchange is 1.00 IRR = 0.000111570 USD which is way below Iraq. Now imagine how Mahmoud Ahmadinejad feels about not being able to equal (at least) Iraq while Iraq is in the middle of a war. Once one can understand that, one will be able to understand why the hositlity from Iran and Venezuela Hugo Chavez.
If you still want to cling to the 27T which is NOT a linear representation of physical Dinars but primarily a representation of Loans (as I shown from the MFI)...then realize that with just $70 Billion USD from Oil for 2008 every one of those 27T (Loans for Rebuilding of Iraq) could be repurchased in less than 10 years. :O) Keep in mind that...that projection is based upon war time oil exraction only....just wait until the Hydrocarbon Law is passed and the Oil incursion begins in earnest :O)
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