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Dinarian SCgal wants answers
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Dinarian SCgal wants answers
by Ponee Tue Feb 24, 2015 10:52 am
SCgal
Can someone please explain why the Gurus keep saying there has to be enough printed Dinar currency in circulation to cover the full year's Iraqi budget? I fail to see the correlation between the amount of Dinar in circulation and the expected annual revenues from oil sales to foreign countries and taxes on citizen's future earnings and future purchases (import taxes) and then how the GOI plans to spend this money (appropriations). Also remember that they are trying hard to get plastic in use and move away from so much paper money - which will likely happen in the upcoming months. Have we once seen in the USA where anyone worries if there is enough printed dollars in circulation to cover our annual budget or our deficit? No. Because not all funds are earned on the day the budget becomes effective and not all expenditures are made on that first day either - a budget covers an entire year. Yes, I have a personal budget - but I sure don't have enough money in my bank account to cover a full year's living expenses. But that is OK because I plan to have income throughout the year to cover these expenses spread out over that same annual period of time. Also, don't get too excited about the difference in the amount of Dinar the Kurds received. If we were to try to use that as a sign of how much the Dinar may increase in value, well that would bring the Dinar up from $0.0008576USD to $0.0048USD. I for one am sure hoping for more than that!
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Re: Dinarian SCgal wants answers
by FS4Enthusiast Tue Feb 24, 2015 12:18 pm
Well, she was smart enough to figure that out, which puts her ahead of 99% of dinarians.
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Re: Dinarian SCgal wants answers
by Ponee Tue Feb 24, 2015 12:38 pm
Nice to see that there are still THINKING DINARIANS out there !
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Re: Dinarian SCgal wants answers
by Kevind53 Tue Feb 24, 2015 5:14 pm
Cash is NOT needed. Cash is NOT used ... simple economics.
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Re: Dinarian SCgal wants answers
by BritishBulldog Wed Feb 25, 2015 12:03 am
Government sized transactions are all done on a computer screen. Could you imagine the line of 18 wheelers it would take to deliver the money for some of the big government payments? Cash is for us common folk...the government just prints the stuff...
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