Replies to post #20218 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

Of course it does. When they created the new dinar they did a 1 for 1 exchange with the old dinar... so they had to honor all those dinar that Saddam printed up. The amount of new currency that was put into circulation was a DIRECT RESULT of Saddam running the printing presses.
The next currency they print will be exchanged at a rate of 1000 for 1 and they will reduce their money supply back to around 30 or 40 billion. And with that the rate will be back near 1:1.