Replies to post #447 on Iraqi Dinar RUMOR BOARD

[Aerospace]

The Central bank of Iraq reports that currency in circulation is 21.7 Trillion.
M2 is 45.6 Trillion
http://www.cbi.iq/documents/key_financial.xls

The Kuwait central bank site is down right now so I can’t get the latest numbers… but lets say it 30 billion M3 and 1 billion in circulation.

Again… that 22 thousand times more currency in circulation
And 1500 times more M2/M3

If you don’t believe the Central Bank of Iraq numbers then I don’t know how we can have a discussion at all.

Also... why did you convert the Kuwait dinar to dollars. Why don't you do the same for Iraq.
You won't like the currency in circ numbers comparison at all.
Iraq has $18.5 billion and Kuwait only has about $3.5 billion

M2/M3 is a little better for you.
Iraq has $40 Billion, and Kuwait has about $100 billion.