Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20

The dinar is pegged to the US dollar.  As a pegged currency, just like the currencies of all of the oil producing Arab nations, it must maintain a certain ratio of foreign currency reserves to money supply.  Iraq's policy has always been to back their money supply at or near the USD value of the FCR.  Currently their FCR is around $65 billion, while their M1 money supply is around 85 trillion.  If you divide $65 bl by 85 tr you get a value of about $.00076.  So you can see that the IQD's current valuation of $.00085 is actually higher than it should be based on the 100% backing policy.  Adam Montana is a lying dinar douchebag.  He's a fraud, a con artist named James Wolf who used to run an adult humor website, and is not to be trusted.

Parity, wtf ? 

.. like, the state or condition of being equal, especially regarding the GOI status, stability & economic status, that parity?
 
Without US support & the program rate, it's likely the IQD would look more like Venezuela's bolivar (VEF).  


Adam, stick to some global economics you do know , like the cost of a neighborhood dime-bag or how many 30 mg's of percocet can you buy off the street for $100.