KUWAIT: Money supply in Kuwait, the only Gulf oil producer without a peg to the dollar, grew 21 percent in the year to the end of April, the biggest gain in three months, as more money was saved and credit expanded. M3, the broadest measure of money circulating in the economy, advanced to KD20.76 billion ($78.11 billion) in the year to April 30, compared with KD17.21 billion, the central bank said in a statement on its website.
And this was 05/2008. Plus the M3 is the measure to go by. But if you dont't want to then,
Currency in circulation grew 9.8 percent to KD698.7 million, the central bank said. Kuwait severed its link to the ailing dollar in May last year, saying the declining currency was fuelling inflation by making some imports more expensive. Inflation in the world's seventh-largest oil exporter hit a fresh record of 9.5 percent in January, the latest available figure.
That's almost 2.5 billion US Aero and in 2008. Now if there is as you claim, which I doubt, 25 trillion IQD in circulation that would equal 21.4 billion US give or take a dollar or 2. Face it Aero there is no 25 trillion Dinars in circulation, no way , no how. It may take them some more time to reduce the Dinars out there, but they seem to be doing a nice job of it. This is where you will see the revalue not LOP. Last time I checked Kuwait doesn't even have a gold reserve, which I believe Iraq does. Not to mention Irag has as much or more resources then Kuwait. On that alone makes the IQD equal to at least half of Kuwaiti Dinar. Time will tell and once it does some of us will be happy and some sad.
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