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TLAR doubts that there is even 4 trillion dinars left circulating in Iraq.
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TLAR doubts that there is even 4 trillion dinars left circulating in Iraq.
by Ponee Sun Feb 02, 2014 4:08 pm
2-2-2014 Newshound Guru Tlar Article: "35 trillion dinars, the volume of cash in circulation" 35 trillion is a press stock number from early 2012 told to the press by Saleh. The CBI has not revealed how many dinars are in circulation since this was disclosed by Saleh in early 2012. Saleh also disclosed that there was only 4 trillion out of the 35 trillion circulating in Iraq at that time. Iraq has been dollarizing for 16-17 months. I doubt that there is even 4 trillion dinars left circulating in Iraq.
If we are to believe that today there is 35 trillion in circulation, we would have to believe the money supply in dinars has grown from 4 trillion in 2012 to 35 trillion by the end of 2013. The only thing that can be proved is Saleh's statements from early 2012. That would be the beginning numbers that the press has repeated over and over since then. Since 2012 the CBI has not produced any numbers on dinars out and dinars circulating in Iraq.
Read the full article here -- https://www.dinardaily.net/t31108-35-trillion-dinars-the-volume-of-cash-in-circulation#202108
If we are to believe that today there is 35 trillion in circulation, we would have to believe the money supply in dinars has grown from 4 trillion in 2012 to 35 trillion by the end of 2013. The only thing that can be proved is Saleh's statements from early 2012. That would be the beginning numbers that the press has repeated over and over since then. Since 2012 the CBI has not produced any numbers on dinars out and dinars circulating in Iraq.
Read the full article here -- https://www.dinardaily.net/t31108-35-trillion-dinars-the-volume-of-cash-in-circulation#202108
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Re: TLAR doubts that there is even 4 trillion dinars left circulating in Iraq.
by Kevind53 Sun Feb 02, 2014 8:30 pm
It is and has been in the neighborhood of 35T for quite some time.
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