Replies to post #20860 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

So Iraq has $42 billion in currency reserves.
They have an M2 of 43 Trillion dinars… at the 1170 rate that means they have a $37 billion money supply.

They have stated a number of times that they will continue to FULLY back their money supply with currency reserves. So it’s safe to assume that the money supply will not exceed the $42 billion in reserves.
So the highest value would basically be 1000:1. that would value the M2 of 43 Trillion dinars at $43 billion.
That’s the best case… but they won’t do that because M2 is growing every month, so they have a cushion.