Delta comes on @: 34:34
Edited by easyrider, 24 June 2012 - 08:02 PM.
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Posted 24 June 2012 - 08:22 PM
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Posted 24 June 2012 - 10:53 PM
Delta states out of the 30 trillion dinar in circulation about 4 billion is in paper. He says 25k notes consist about 80% of the money supply in Iraq. when they lift the 25k dinar notes thats gonna reduce the 4 billion paper notes to 1.1-1.8 billion. So then that will reduce the money supply from 30 trillion to 20-24 trillion because they reduced it by 80%. So in essence, when they introduce the new notes like the 50, 100 etc that is gonna reduce the money supply because its taking place of the 25k notes. So, then they will NOT have to print a lot more money. Just some highlights folks listen to the call its a good one.
Delta came HARD!!!!! Lets here the lopsters refute him. The amount they have to cover through the legal banking system is 5% so technically they would NOT have to cover the whole 30 trillion.
Posted 24 June 2012 - 11:14 PM
I haven't listened to the call (working and stuff), so am just going from your synopsis.
I'm a little confused as to the numbers though.
Are you (is Delta) saying that there is only about 4 billion dinars in paper currency?
I'm also a little confused an the bit about only having to cover 5% of the money supply?
Any currency that is outside of the CBI is a liability to the CBI and has to be covered in full. That's my understanding anyway. I may be wrong.
Edited by easyrider, 24 June 2012 - 11:17 PM.
Posted 24 June 2012 - 11:26 PM
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Posted 25 June 2012 - 12:04 AM
This is from Delta i took notes. My advice is to listen to the call in full. It might shed more light.
Posted 25 June 2012 - 12:21 AM
Okay, I went through to where he was talking about the number of bills.
The 4 billion paper notes would seem to match up with the CBI figures. The Annual Bulletin from last year had it at a little under 4 billion, so I'll run with that. However, the number of 25000 notes is around 709 million, which is closer to 20% of 4 billion than 80%.
If they were to remove all of the notes with three zeros, then that would be closer to 80%
As for the CBI only having to cover 5% of the issued currency, well, again, any currency issued by the central bank is a liability to the central bank. I'm really not sure what that whole 5% thing is about.
Edited by easyrider, 25 June 2012 - 12:22 AM.
Posted 25 June 2012 - 01:13 AM
Delta states out of the 30 trillion dinar in circulation about 4 billion is in paper. He says 25k notes consist about 80% of the money supply in Iraq.
Edited by RRSport, 25 June 2012 - 01:15 AM.
Posted 25 June 2012 - 01:19 AM
Ali at dinar trade alone has probably handled in the region of 2-4 billion dinar !
You do understand that a billion is just 1000 x million.
Only 4000 people in the world have 1 million dinar each sitting at home in their box???
Edited by easyrider, 25 June 2012 - 01:23 AM.
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