Replies to post #18974 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

please answer one question for the board about your 1.5 billion that you have posted hundreds of times now.
Last year Iraq’s budget was 90 trillion dinar!!! We just saw an article where 60 percent of expenditures were in dinar and the other 30 percent was in foreign currency. That means Iraq spent 60 trillion dinars last year for their budget.
Where do you think that dinar comes from?
They didn't add 60 Trillion to the M2, so they had to come from somewhere. Do you think they might have used those bought back dinars to fund the budget?
The fact is they ARE using them for the budget, but they also have to print and add more on top of what they buy back, and that's why the M2 grows every single month.