Replies to post #23630 on Iraqi Dinar Discussion Board (IQD)

[FX35]

Would you mind explaining the math behind that statement?

Looks to me that if Iraq RVs to 1$, their number goes to over $26 Trillion and makes them #1 by a mile, in fact it makes them more than all the others combined.

[sparkplug]

You aren't looking at all the factors of money supply vs. GDP which is generally how exchange rates are compared.

These are all in US$ for the ease of inturpretation.

USA- GDP... about 14 Trillion-/-M1 1.4 Trillion US$
Their GDP is about 10 times their money supply!

Kuwait- GDP...115Bil -/- vs. 16 Bil. US$ M1
Their GDP is about 7.5 times their money supply!

IRAQ- GDP 70Bil -/- vs. 26Bil US$ money supply
Their GDP is only 2.6 times the money supply - way out of wack with most countries to compare with. Way too much currency in circulation to support any crazy RV.

Now Afghanistan- GDP 13.3Bil -/- M1 1.7 Bil money supply
Their GDP is about 7.8 times their money supply.. somewhat right in line with the other countries.....and thats after they redenominated.

The only real missing link that is not known is what has been pulled out of circulation by CBI (if they have?) like everyone says thats been done.

Hope that gives you a bit better perspective- as Kuwait is not half of Iraq as you were saying- not close.

https://www.cia.gov/library/publications/the-world-factbook/fields/2195.html?countryName=&countryCode=®ionCode=%3E

https://www.cia.gov/library/publications/the-world-factbook/fields/2209.html?countryName=&countryCode=®ionCode=%C2%AE