Replies to post #23124 on Iraqi Dinar Discussion Board (IQD)

[FX35]

Found it.
This internet is great.
From the CBI website also. Explains all the numbers.
http://www.cbi.iq/documents/Key_Financial_Indicators_Documentation.pdf

a - Currency outside banks, i.e., the currency component of the money supply as shown in the Analytical Balance sheet (Item 8) which is derived from the following sources(currency put into circulation reported by Issuing Dept. less vault cash(item 8.1 of Analytical Balance Sheet) reported by Research & Statistics Dept.). From December 2003, currency in circulation is the new currency issued by the CBI less redemption of old and damaged new currency notes.


Looks like "Currency outside of Banks" is the currency part of the money supply. It is their "Currency in Circulation"
Have a great day guys. Work calls. Back to the grind. Go Go Dinar!!

[Donshub2]

So 21 trillion is out there floating around?

[ema-266]

Currency outside banks is listed as M1.

M1 is a combination of hard currency and ASSETS which can be converted quickly.

Now M1 is also seen as a "narrow money data set" but because the assets are also included the M1 cannot be used to detremine the true amount of physical currency in circulation.

M1 = Currency outside of banks plus assets.

M0 = Total true amount of physical currency.

With Iraq the M3 is known and listed

The M2 is known and listed.

The M1 is known and listed.

The M0 is known by the IMF and the CBI but remains unlisted.