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Aerospace

06/16/08 2:12 AM

#16886 RE: Rasica #16882

"M2 is a 'Value' spreadsheet" Huh??? What does that mean??

You are claiming that line 65 is the Value??? Even though it is labled as Currency outside banks, and they even explain that Currency outside of banks is Currency in Circulation.
It is also part of line 33, 4 Monetary Base (End of period, in billions of Iraqi dinar)

M2 absolutly does contain circulating dinars.
http://www.cbiraq.org/Key%20Financial%20Indicators%20Documentation.pdf
5. Money Supply (M2)
Monthly: Reported by Research & Statistics Department (as at the end of the month,
in billions of Dinar) from the monthly regulatory reports of all commercial banks.
Currency in Circulation outside of banks (see 4.a above)
Deposits in Commercial Banks, excluding central government deposits, interbank
accounts, and accounts of a current nature.

It is amzingly simple to check and see...
Add line 65, Currency outside of banks to line 72, deposites component of m2, and it always equals line 71, M2