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HOW CAN 80 BILLION COVER 30 TRILLION AT 1TO1?


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The only way to do that is with a redenomination (RD or LOP)... IF they have 30 trillion.... I don't believe that.!!!

30 trillion after deleting of the zero's = 30 billion

Reserve/M1

80 billions / 30 billions = $2.66 per dinar.

I don't see a bright future for Iraq, if they RD or LOP

I don't see an improvement of the purchasing power, if they RD or LOP

Just my humble opinion.!

GO RV

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The auctions do not remove dinar from circulation.....the auctions exchange all the USD from oil, to dinar for spending purposes with the budget and such......

You could MAYBE argue that the small.cash portions do, but again there isnt even any evidence of that because the money supply keeps growing......

But to answer the question, the reserves cant and wont back 30 trillion dinar at a one to one rate.....just not gonna happen.....

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