My Take

[Darin]

How is it taken out of circulation?  You are in Iraq, you have a 25,000 note.  How does it get taken out of circulation and retired?  Your not just going to give it away, you want something to replace it.

 

Auctions do not help the issue as they lower reserves in exact proportion.

 

Yes they could sell bonds, but have not yet done so and this only can do a small percentage.

 

Further any action that does actually reduce M2 would require an exchange rate adjustment to keep the value of M2 roughly constant, so it would require constant small rate changes which is bad for importers (a huge part of Iraq's economy).  

What is weird about it?  Given the 000s its an obvious thing to think about.  It takes Iraq a long time to do anything, and and RD needs a lot of prep.  They may eventually do it, or not.  But they don't have to do anything.  The Iraqi economy is doing fine as it is.

Well, when they introduced this entire new currency back in 03, they started talking about R/D in 06.

They've talked about a R/D for 7 years and yet the 000s still exist.

 

Removing the 000s really won't help with dollarization.

The demand for the IQD may end up being the same post R/D as it is now. Just because the 3 zeros are gone won't magically increase demand.

 

The reason(s) the demand for dinars is so low is that it is offset by such a high demand for dollars. Why do people want dollars in that region?

well a sanctioned nearby country has a demand for them

they are also easily converted in nearly any country

We could go to Iraq with USD and buy goods easily w/o converting to dinars.

(I highly doubt removal of 3 zeros would create more demand as what I listed above would still be an issue)

 

If the bank wants to help stabilize the market rate to the official rate, they should simply make their currently internationally traded and move away from the peg. Their going to eventually be a booming economy.

Once that economy is booming, simple supply & demand within the own market will help appreciate the value as outside demand from foreign markets will also have an effect.

 

No, it's NO overnight R/V, which many lopsters are correct.. It will be hard to have an overnight R/V. However, a rapidly appreciating value of a currency is not necessarily out of the question. But the better question, is how rapidly appreciating would it be?

I predict the argument of how a quick appreciating currency may be mad.

See that is the thing about the future, we don't know it...

 

If this week, they changed the rate to 1164 to 11160.

Next week it went from 1160 to 1150.

Than it remained stable for a week.

Than it went to 1140.

Next day 1145

Next week 1130

and continued a similar trend with moments of a constant value and moments of appreciation an even moments of depreciation. But overall the value was appreciating...

It wouldn't have too much of a shock - and the main people who would benefit are those that held when it was worth 1164 and didn't exchange it til it hit a value they felt feasible to exchange it out.

With an appreciating value, the CBI could reduce the money supply as all the appreciated value could be distributed to the existing money supply. (Like how each of the value of dinar loses a little bit of value when money is printed, this would just be the reverse action) Ideally, instead of decreasing value of what exists, when the ability allows them to print more, they simply just add that value of what would be printed to be added to what already exists).

If the bank thought the value was appreciating too quickly, they could than move forward and print more currency to inflate the money supply to help stabilize the rate.

But overall, if the value were to increase/appreciate over time, it wouldn't be a bad thing for the people or the speculators.

 

I don't know about you, but I know if the USD gained value, I would see that as a good thing.. We sure wouldn't spend as much at the pump filling up our cars.

[4aprofit]

There's one thing about it...We Will See?....

[sandstorm]

Digital money  is not currency.. read up. 

somewhere theres a distortion of the facts. if you have a bank account....that money is digital.....the cbi has to cover....for wgen you come take out money. and because you can withdrawl it in a day......therefore they have to back it. its a liability...period

whether you have dinars in a digital account...or physical in hand......when you cash out......its the cbi that ends up paying.

If the bank gave a loan........the loan. is used to pay contractors , etc. that money is now on the streets and has to be covered

Its like saying a check doesnt need funds to cover. cmon

[dontlop]

How is it taken out of circulation?

you ask the same questions everyday . geez .. just apply your methods , you have explained it already so many times .. ill remind you of your analogy .>>>>>.. ya just de-monetized the currency . and let it float ... you dont need any reserves or any thing backing it .. apparently it has more value like that .  but you just de-monetize it . and have a exchange period . and exchange it with new dinar .. then after the exchange .. ya  print the crap out of the new dinars .. then ya get a new currency and exchange it for all the dinars but ya give 150 times more for the de-monetized dinars as ya do the legal tender .. and ya make out like a bandit . and let the iraqis take over after that

Edited March 19, 2013 by dontlop

[dontlop]

somewhere theres a distortion of the facts. if you have a bank account....that money is digital.....the cbi has to cover....for wgen you come take out money. and because you can withdrawl it in a day......therefore they have to back it. its a liability...period

 your right period .

 

they have to cover it ..period ..

 

if i had 50 million in my bank account .. period .

 

and i wanted to take it out period.

 

they cant cover it period ..

 

they say you need to give us more time //period .

 

i say wheres my money . i want my money period .

 they say oh we have it  but its not here right now ..period .

then  then order 50 million in cash ..period

 

and it is deliverd ..period .. and then i come and pick it up in a truck .. period .

 

cover it .. lol .. what a joke .

 

Edited March 19, 2013 by dontlop

[sandstorm]

you ask the same questions everyday . geez .. just apply your methods , you have explained it already so many times .. ill remind you of your analogy .>>>>>.. ya just de-monetized the currency . and let it float ... you dont need any reserves or any thing backing it .. apparently it has more value like that .  but you just de-monetize it . and have a exchange period . and exchange it with new dinar .. then after the exchange .. ya  print the crap out of the new dinars .. then ya get a new currency and exchange it for all the dinars but ya give 150 times more for the de-monetized dinars as ya do the legal tender .. and ya make out like a bandit . and let the iraqis take over after that

the way you guys explain iraqs central bank policy, like they can rv to whatever whenever.

if thats the case.......why havent the other central banks took your advice? I mean...if its that easy....why is there a euro crisis? If it was so simple........why arent no other countries doing it?

Its like were making up new macroeconomic laws and theories....every step of the way...until eventually were satisified iraq can rv to trillions....ina second. no recourse every iraqi and americans become instant millionaires....everyone lives happily ever after.

[dontlop]

covering cash   sometimes takes time .. if they want to just transfer their digital currency .. no problem .. they are talking about  covering it in phisical cash currency after they reduce the number of notes ..

 

they are talking about getting people to use digital currency .. paper money cost more than a dinar woth a dollar is worth .. a new delarue dinar worth a dollar costs over a dollar to produce .. each .

 so  .. yes they need to cover the cash .. the phisical currency .. big deal .. not everyone needs to be carrying around cash any more .. society has passed  that stage

 

fiat currency is nothing but a transferrable coupon

Edited March 19, 2013 by dontlop

[sandstorm]

Have you ever figured out why the auctions are what they are? Or do you still wake up wondering where your rv is? Have you not seen the m2 growth of. 6.03% year over year. you and zul should spend hours and hours on the cbi website and go through the aggregates. look at how they are accounting.......and what there ledgers are reporting.

you will never understand what they do......as long as you ignore their statistics

covering cash   sometimes takes time .. if they want to just transfer their digital currency .. no problem .. they are talking about  covering it in phisical cash currency after they reduce the number of notes ..

 

they are talking about getting people to use digital currency .. paper money cost more than a dinar woth a dollar is worth .. a new delarue dinar worth a dollar costs over a dollar to produce .. each .

 so  .. yes they need to cover the cash .. the phisical currency .. big deal .. not everyone needs to be carrying around cash any more .. society has passed  that stage

 

fiat currency is nothing but a transferrable coupon

dontlop, seems you have it all figured out...no reason to continue here

[dontlop]

name one country that can cover their countrys cash  in phisical currency

 

the only thing a country needs to be accountable for is paying its foriegn obligations for the other countrys to accept their credit .. a credit rating is eveything ..

 

it has been explained that the debt to gdp is already been  overhauled and in good standing

 

it was the debt to gdp that destroyed iraqs dinar value .. that has been resolved .. that entire govt is replaced ..

 

Have you ever figured out why the auctions are what they are? Or do you still wake up wondering where your rv is? Have you not seen the m2 growth of. 6.03% year over year. you and zul should spend hours and hours on the cbi website and go through the aggregates. look at how they are accounting.......and what there ledgers are reporting.

you will never understand what they do......as long as you ignore their statistics

dontlop, seems you have it all figured out...no reason to continue here

if theres no reason to continue quit asking questions, geez

do ya think the united states can cover its currency ?

Edited March 19, 2013 by dontlop

[sandstorm]

name one country that can cover their countrys cash  in phisical currency

 

the only thing a country needs to be accountable for is paying its foriegn obligations for the other countrys to accept their credit .. a credit rating is eveything ..

 

it has been explained that the debt to gdp is already been  overhauled and in good standing

 

it was the debt to gdp that destroyed iraqs dinar value .. that has been resolved .. that entire govt is replaced ..

 

if theres no reason to continue quit asking questions, geez

do ya think the united states can cover its currency ?

And all of that is offset by the fact trillions of dinar continue to flow out. M2 growth 6.03%.

[Flatbush Zombies]

True - but its funny how they've talked about a R/D since 2006 and have yet to do it......

The R/D talks began in 06

The currency introduction was only a few years prior..

Weird how they'd start talking about it sooo soon.

This is why they haven't RD yet...they are waiting on stability. This happened today

BAGHDAD -- A wave of bombings tore through Iraq on Tuesday, killing 65 people on eve of the 10th anniversary of the U.S.-led invasion and showing how unstable Iraq remains more than a year after the withdrawal of American troops.

It was the deadliest day of attacks in Iraq since Sept. 9, when insurgents unleashed an onslaught of bombings and shootings across the country that left 92 dead.

Violence has ebbed sharply since the peak of Sunni-Shiite fighting that pushed the country to the brink of civil war in 2006-2007. But insurgents maintain the ability to stage high-profile attacks while sectarian and ethnic rivalries continue to tear at the fabric of national unity.

The symbolism of Tuesday's attacks was strong, coming 10 years to the day, Washington time, that former President George W. Bush announced the start of hostilities against Iraq. It was already early March 20, 2003, in Iraq when the airstrikes began.

The military action quickly ousted Saddam Hussein but led to years of bloodshed as Sunni and Shiite militants battled U.S. forces and each other, leaving nearly 4,500 Americans and more than 100,000 Iraqis killed.

A decade later, Iraq's long-term stability and the strength of its democracy remain open questions.

The country is unquestionably freer and more democratic than it was during Saddam's murderous reign. But instead of a solidly pro-U.S. regime, the Iraqis have a Shiite-led government that is arguably closer to Tehran than to Washington and is facing an outpouring of anger by the Sunni minority that was dominant under Saddam and at the heart of the insurgency.

Tuesday's apparently coordinated attacks included car bombs and explosives stuck to the underside of vehicles. They targeted government security forces and mainly Shiite areas, small restaurants, day laborers and bus stops over a span of more than two hours, according to police and hospital officials.

There was no immediate claim of responsibility for the blasts, but they bore hallmarks of al-Qaida in Iraq. The terror group, which favors car bombs and coordinated bombings intended to undermine public confidence in the government, has sought to reassert its presence in recent weeks.

The violence started at around 8 a.m. Tuesday, when a bomb exploded outside a popular restaurant in Baghdad's Mashtal neighborhood, killing four people, according to police and hospital officials. It blew out the eatery's windows and left several cars mangled in the blood-streaked street.

Minutes later, a roadside bomb hit a gathering point for day laborers in the New Baghdad area, killing two of them.

The sprawling Shiite slum district of Sadr City was hit by three explosions that killed 10 people, including three commuters on a minibus.

Hussein Abdul-Khaliq, a government employee who lives in Sadr city, said he heard an explosion and went out to find the minibus on fire.

"We helped take some trapped women and children from outside the burning bus before the arrival of the rescue teams. Our clothes were covered with blood as we tried to rescue the trapped people or to move out the bodies," he said. "Today's attacks are new proof that the politicians and security officials are a huge failure."

The deadliest attack was a 10 a.m. car bombing near the Ministry of Labor and Social Affairs in Baghdad's eastern Qahira neighborhood, which killed seven people.

Another car bomb exploded outside a restaurant near one of the main gates to the fortified Green Zone, which houses major government offices and the U.S. and British embassies, killing six people, including two soldiers. Thick black smoke could be seen rising from the area as ambulances raced to the scene.

Just north of the capital, a mortar shell landed near a clinic north of Baghdad in Taji, killing two people, while a roadside bomb hit an army patrol in Tarmiyah, killing a soldier. Another roadside bomb missed a police patrol in Baqouba, hitting a passing car. One passenger was killed.

A car bomb also exploded near a bus stop south of the capital in Iskandiriyah, killing five people. Two policemen were killed when another car bomb hit a security checkpoint near the town.

In the northern city of Mosul, a suicide bomber set off his explosive belt near police Maj. Ghazai al-Jubouri, the head of a local police force in the area, killing him and two bodyguards and wounding four civilians.

Attacks elsewhere in Baghdad killed 23 people in the mainly Shiite neighborhoods of Hussainiyah, Zafarniyah, Kazimiyah, Shula, al-Shurta and Utaifiya.

Underscoring the political tensions, Iraq's Cabinet also decided Tuesday to postpone upcoming elections in two provinces dominated by the country's minority Sunnis for up to six months.

The two provinces affected, Anbar and Ninevah, have been at the center of the nearly three-month-long protests against Iraq's Shiite-led government. Provincial elections were scheduled to go forward elsewhere on April 20.

The decision followed requests from the political blocs in the provinces, government spokesman Ali al-Moussawi said.

And all of that is offset by the fact trillions of dinar continue to flow out. M2 growth 6.03%.

Don't waste your time with dontlop...zero common sense or logic in his world

[sandstorm]

The problem is trillions and trillions of dinar. iraq wants to reduce trillions to billions with a lop.....and have a neutral exchange. please tell me......why the cbi is going to pay a million dollars to you.....when they can restructure without paying you?

If i had the choice to pay a million dollar tab or just replace and call a neutral event.....i think the answer is easy to find.

The problem is trillions and trillions of dinar. iraq wants to reduce trillions to billions with a lop.....and have a neutral exchange. please tell me......why the cbi is going to pay a million dollars to you.....when they can restructure without paying you?

If i had the choice to pay a million dollar tab or just replace and call a neutral event.....i think the answer is easy to find.

and now you know why countries have rd multiple times throughout history

[dontlop]

name one country that can cover their countrys cash in phisical currency

 

 dont waste your time with flatbush zombies ..  he has zero common sense .
  no country can back its curency 100% ..then your agruement is its backed by another currency that isnt backed either .. lol

Edited March 19, 2013 by dontlop

[Flatbush Zombies]

This was posted a couple weeks ago....another explanation as to why they haven't RD yet which is great news for us. They clearly plan to RD but are waiting in STABILITY

delete the zeros of the Iraqi currency

2/23/2013 4:03:00 PM 2/23/2013 4:03:00 PM

Agreed politicians and economists Iraqis that the process of deleting three zeros from the Iraqi currency current risk because of conditions of the country and the lack of security and stability and the spread of corruption, where Iraq is seeking to reform the system of currency management and ease of use and reducing the number of banknotes of four billion to one billion and 800 million paper, from by deleting three zeros and the issuance of a coin . .

 

The decision of the Finance Committee in the House of Representatives MP Ahmed electrodes of the island that Multi deletion of zeros from the local currency is still under study within the economic issues, not pending until now because of crises many experienced by the country, as well as problems that accompany the adoption of the financial budget for the current year

 

He pointed out that this process is not possible at the present time because it will lead to a problem in the Iraqi economy . .

The electrodes that the Finance Committee inquired from the Iraqi Central Bank on its preparations to change the currency without getting fraud where, and expressed its readiness to this process, but the problems that have occurred in the country in addition to the crisis the central bank, which led to changes in leadership, stopped this process . .

 

He pointed out that Iraq can not be doing the process now, and added, "We need to stabilize the general situation of the country, in order to prevent any attempt to exploit this procedure by corrupt ". ".

For its part, the MP said the Finance Committee Najiba Najib of the island that this project was in the time of former central bank governor Sinan al-Shabibi, has been studied by the parliament well, resulting in the latter to address the Council of Ministers to support this project, and there was a negotiation and dialogue with A number of international companies on the deletion of zeros, indicating that this process is a good step and help to support the country's monetary policy . .

She added that this issue has no echoes currently in parliamentary community and senior in Iraq because of the dismissal former central bank governor and refer the matter to the Integrity Commission, explained that the project will succeed if given the government and the House of Representatives and all institutions supported because it will prevent fraud and removes fear if the procedures sound . .

She explained that Iraq needs to restructure its currency, as there is no class more than 25 thousand dinars, as well as coins, which confirms that the current currency does not fit with the Iraqi state revenues, which have significant financial budgets . .

Najiba confirmed that there is a lack for money on the market, and that change would have a currency with economic feasibility to take all legal precautions and necessary legislative and government, while making the timeframe up to one year to change the citizens their money, in addition to the increase in bank branches . .

He says economic expert pilot Hashemi The process of removing zeros is a necessary step and task comes within the country's need to process administrative reform of the currency contributes to reduce transaction costs and trading cash in the economic process, and reduce the size of the money supply in the country and help facilitate the calculations and reduce the inflating numbers, if applied correctly and appropriate Baltoukitat . .

 

He also added in his speech to the island revealed that the issuance of the small groups will facilitate pricing policy accounts, but the replacement will not affect the currency to tackle inflation significantly . .

He cited countries that have applied this process such as Sudan, which delete zeros from its currency in 2007, and Turkey, which deleted six zeros from its currency in 2005, and omitted Zimbabwe in Africa ten zeros from its currency in 2008, and Bolivia deleted three zeros from its currency in 2008, and deleted all from Romania Iran and three zeros from its currency in 2005 and 2011, but did not improve the value of the currency in these countries significantly and inflation index remained conservative on the rise . .

He pointed to two important matters in the application process of removing zeros are: first choice timely which the Iraqi economy in a state of stability, and the second is to create the economic environment is considered to apply the deletion process, and this needs to be procedures and financial decisions and banking taken financial authority in the country . .

 

Hashimi concluded his speech by saying that the implementation of the resolution at this time is appropriate and is considered a significant risk to the unstable security situation and the country's economic

[dontlop]

if everyone wanted to liquify their assets in the united states .. they would need over 500 trillion dollars  in cash .. come one lets see the great  currency be backed .. lol

[sandstorm]

This was posted a couple weeks ago....another explanation as to why they haven't RD yet which is great news for us. They clearly plan to RD but are waiting in STABILITY

delete the zeros of the Iraqi currency

2/23/2013 4:03:00 PM 2/23/2013 4:03:00 PM

Agreed politicians and economists Iraqis that the process of deleting three zeros from the Iraqi currency current risk because of conditions of the country and the lack of security and stability and the spread of corruption, where Iraq is seeking to reform the system of currency management and ease of use and reducing the number of banknotes of four billion to one billion and 800 million paper, from by deleting three zeros and the issuance of a coin . .

 

The decision of the Finance Committee in the House of Representatives MP Ahmed electrodes of the island that Multi deletion of zeros from the local currency is still under study within the economic issues, not pending until now because of crises many experienced by the country, as well as problems that accompany the adoption of the financial budget for the current year

 

He pointed out that this process is not possible at the present time because it will lead to a problem in the Iraqi economy . .

The electrodes that the Finance Committee inquired from the Iraqi Central Bank on its preparations to change the currency without getting fraud where, and expressed its readiness to this process, but the problems that have occurred in the country in addition to the crisis the central bank, which led to changes in leadership, stopped this process . .

 

He pointed out that Iraq can not be doing the process now, and added, "We need to stabilize the general situation of the country, in order to prevent any attempt to exploit this procedure by corrupt ". ".

For its part, the MP said the Finance Committee Najiba Najib of the island that this project was in the time of former central bank governor Sinan al-Shabibi, has been studied by the parliament well, resulting in the latter to address the Council of Ministers to support this project, and there was a negotiation and dialogue with A number of international companies on the deletion of zeros, indicating that this process is a good step and help to support the country's monetary policy . .

She added that this issue has no echoes currently in parliamentary community and senior in Iraq because of the dismissal former central bank governor and refer the matter to the Integrity Commission, explained that the project will succeed if given the government and the House of Representatives and all institutions supported because it will prevent fraud and removes fear if the procedures sound . .

She explained that Iraq needs to restructure its currency, as there is no class more than 25 thousand dinars, as well as coins, which confirms that the current currency does not fit with the Iraqi state revenues, which have significant financial budgets . .

Najiba confirmed that there is a lack for money on the market, and that change would have a currency with economic feasibility to take all legal precautions and necessary legislative and government, while making the timeframe up to one year to change the citizens their money, in addition to the increase in bank branches . .

He says economic expert pilot Hashemi The process of removing zeros is a necessary step and task comes within the country's need to process administrative reform of the currency contributes to reduce transaction costs and trading cash in the economic process, and reduce the size of the money supply in the country and help facilitate the calculations and reduce the inflating numbers, if applied correctly and appropriate Baltoukitat . .

 

He also added in his speech to the island revealed that the issuance of the small groups will facilitate pricing policy accounts, but the replacement will not affect the currency to tackle inflation significantly . .

He cited countries that have applied this process such as Sudan, which delete zeros from its currency in 2007, and Turkey, which deleted six zeros from its currency in 2005, and omitted Zimbabwe in Africa ten zeros from its currency in 2008, and Bolivia deleted three zeros from its currency in 2008, and deleted all from Romania Iran and three zeros from its currency in 2005 and 2011, but did not improve the value of the currency in these countries significantly and inflation index remained conservative on the rise . .

He pointed to two important matters in the application process of removing zeros are: first choice timely which the Iraqi economy in a state of stability, and the second is to create the economic environment is considered to apply the deletion process, and this needs to be procedures and financial decisions and banking taken financial authority in the country . .

 

Hashimi concluded his speech by saying that the implementation of the resolution at this time is appropriate and is considered a significant risk to the unstable security situation and the country's economic

yep.they put off deleting three zeroes until 2014, at least thats the last article i seen. ofcourse...they made it cler...they will begin. at the beginning of the year. hopefully its permantly postponed....but they did say 2014

[dontlop]

oh  you mean it would be backed by real property ?

 

 but iraq cannot do that . only the united states can do that ..lol ..

yep.they put off deleting three zeroes until 2014, at least thats the last article i seen. ofcourse...they made it cler...they will begin. at the beginning of the year. hopefully its permantly postponed....but they did say 2014

yep deleting the zeros off the currency .. not off the books ..

[Flatbush Zombies]

Dontlop should really consider taking a basic Econ class. The CBI will not pay out trillions to "investors" when they can RD and a much lower cost. The CBI is liable and if an "RV" happened right now it would be a catastrophe with how much is out in circulation right now.

Dontlop also sounds suspiciously like sonny1

[hame55]

Nobody has addressed the dread subject -----  can Iraq continue for years using the dollar?

 

Why or why not?

[sandstorm]

if everyone wanted to liquify their assets in the united states .. they would need over 500 trillion dollars  in cash .. come one lets see the great  currency be backed .. lol

your point is irrelevent here. of course theres not 500 trillion in physical cash. we are a different society. i havent used cash in. over a year......doesnt mean my bank and my credit company didnt have to back my purchases.

plus....iraqs society is cash based. they are just starting to put forth smart cards. try and go to an iraqi street vendor and hand him your discover card.....see if he takes it...lol

[dontlop]

Dontlop should really consider taking a basic Econ class. The CBI will not pay out trillions to "investors" when they can RD and a much lower cost. The CBI is liable and if an "RV" happened right now it would be a catastrophe with how much is out in circulation right now.

Dontlop also sounds suspiciously like sonny1

flatbush zombies sounds suspiciously like dinark .makecets  joe friday, 20mil

your point is irrelevent here. of course theres not 500 trillion in physical cash. we are a different society. i havent used cash in. over a year......doesnt mean my bank and my credit company didnt have to back my purchases.

plus....iraqs society is cash based. they are just starting to put forth smart cards. try and go to an iraqi street vendor and hand him your discover card.....see if he takes it...lol

ya iraq is different ,, they are on a different planet .. they fall under a different imf .. and world community

 

i guess  we didnt realize the usa was always  digital .. the usa was never cash based ..

 

 i guess the only reason the usa wasnt digital 200 years ago . isnt because the technology  wasnt avaliable at the time

Edited March 19, 2013 by dontlop

[sandstorm]

Nobody has addressed the dread subject -----  can Iraq continue for years using the dollar?

 

Why or why not?

of course they can. with qe3 about to cause trillions to go into the economy.......dont you think the u.s. needs all the demand it can get. having iraq using dollars and other countries gives additional places for the dollar to go.....without injecting it all into the domestic u.s. having increased external demand......will help ease the pain of qe3

[Flatbush Zombies]

Lol, you just proved who you are. BUSTED!

Anyway, yes, Iraq can continue to use the dollar because they have zero faith in their government or currency so until Iraq can get its Shiite together they will always use the dollar

[sandstorm]

flatbush zombies sounds suspiciously like dinark .makecets  joe friday, 20mil

ya iraq is different ,, they are on a different planet .. they fall under a different imf .. and world community

what are they waiting for dontlop? Why continue to grow m2 every year? Is it because they are waiting to put 1quadtrillion....that way every human on the planet can be wealthy too?

[dontlop]

Lol, you just proved who you are. BUSTED!

Anyway, yes, Iraq can continue to use the dollar because they have zero faith in their government or currency so until Iraq can get its Shiite together they will always use the dollar

 ya that makes sense .. use a currency that is backed by nothing  , ,, you act like one country has more rights than other countrys   , if under the rules one country can pretend its currency is good . so can every country pretend its currency is good