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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Ponee on Fri Apr 25, 2014 7:29 pm

Baghdad Invest member BRIAN debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Posted by Brian April 25, 2014

And here’s Iraq’s pre 2002 money supply & FX rates, which completely and totally debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that:-

Year = M2 Money Supply / FX rate
1991 = 24,670m (24.7bn) / $1 = 10 IQD
1992 = 43,909m (43.9bn) / $1 = 21 IQD
1993 = 86,430m (86.4bn) / $1 = 74 IQD
1994 = 238,901m (239bn) / $1 = 458 IQD
1995 = 705,064m (705bn) / $1 = 1674 IQD
1996 = 960,503m (960bn) / $1 = 1170 IQD
1997 = 1,038,097m (1tn) / $1 = 1471 IQD
1998 = 1,351,876m (1.3tn) / $1 = 1620 IQD
1999 = 1,483,836m (1.5tn) / $1 = 1972 IQD
2000 = 1,728,006m (1.7tn) / $1 = 1930 IQD
2001 = 2,159,089m (2.1tn) / $1 = 1929 IQD
2002 = 3,013,601m (3.0tn) / $1 = 1957 IQD

http://www.cbi.iq/documents/Annual_2002f.pdf


The reason it strengthened from 1957:1 to 1166:1 is a combination of slashing Iraq’s inflation rate to single digits and restoring CBI reserves which Saddam virtually emptied. It has taken 10 years to increase CBI reserves from nothing to $80bn or so at a rate of $8bn per year. At that rate it would take Iraq almost 11,000 years to increase them from $80bn to $88tn – that’s just how absurd the “mega RV” is…

And M2 from 2004-2013:-
2004 = 12.25tn Dinars
2005 = 14.68tn Dinars
2006 = 21.08tn Dinars
2007 = 26.95tn Dinars
2008 = 34.92tn Dinars
2009 = 45.44tn Dinars
2010 = 60.26tn Dinars
2011 = 65.11tn Dinars
2012 = 72.02tn Dinars
2013 = 87.70tn Dinars

The 1984 “MOP report” claimed it was 1 Dinar = $1.134. By late 1980′s that started falling. By 1991 it was under 1 Dinar = $10. And it just fell from there as triple-digit inflation kicked in.

For people who want the actual truth – The Dinar has NEVER been worth a fair market rate of “$3.5″. Saddam’s dictated peg was universally rejected just like the absurd North Korean Won dictated peg $1 = 2.16 Won (picked solely because it was based on Kim Jong-il’s birthday, February 16th) – has an actual traded market rate as low as $1 = 4,000 Won in reality. Iraq and other countries can “peg” it whatever they want – but if the CBI doesn’t have the reserves (which they don’t), the peg will simply be rejected by the market and the currency classed as a “junk currency” as North Korea’s.

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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Ssmith on Fri Apr 25, 2014 9:28 pm

Yep, and that coupled with the money supply makes any kind of RV not too likely.  And if I'm missing something, please let me know.
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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Goldiegirl on Fri Apr 25, 2014 11:29 pm

Who is Brian?  Another guru I have to learn about? What cockroaches.
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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Ponee on Sat Apr 26, 2014 2:23 pm

He is one of the main posters on Baghdad Invest

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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Producer1 on Sat Apr 26, 2014 5:02 pm

And he's NOT a guru!

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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Ponee on Sat Apr 26, 2014 5:37 pm

@Producer1 wrote:And he's NOT a guru!

Definitely NOT!  Too grounded for that! 
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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Kevind53 on Sat Apr 26, 2014 6:22 pm

Agreed, I'm not sure they don't have a dog in the hunt ... they seem to push the ISX pretty hard, but at least they are not pumping dinar

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 Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865
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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Goldiegirl on Sat Apr 26, 2014 6:39 pm

Before the war the dinar was inflated by Saddam and not a true value of what it should have been.

When I see comments about resetting it back to before the war, I want to scream.  It's not possible.

ISX, why?  There are so many other places you can put your money and make a "for sure" profit even a small one. Why Iraq?
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Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that Empty Re: Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that

Post by Kevind53 on Sat Apr 26, 2014 7:21 pm

I think they are tied to a broker there ...

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 Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865  Brian debunks the guru lie that the Dinar “only fell due to the 2003 war” and “was worth $3.5 before that 2805820865
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