Laid Back Posted July 12, 2013 Report Share Posted July 12, 2013 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 2 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted July 12, 2013 Report Share Posted July 12, 2013 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..... 1 Link to comment Share on other sites More sharing options...
ponoboy Posted July 14, 2013 Author Report Share Posted July 14, 2013 So let's say there's 40 trillion out there. and there's 80 billion to cover it. wouldn't that be 500to1? Link to comment Share on other sites More sharing options...
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