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IQD Notes in Circulation Speculation


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Hello folks.  Please do not take this as law! Do you remember when Iraq mentioned that they had 9 billion notes that amounted to 30 trillion Dinars?  I got this from Breitling Investments today and put together a spreadsheet which  makes a some sense to me but can be improved by all of you.  I am only speculating and allowing anyone to please elaborate and or improve this thought!  Remember, this is just the way I see it based on a 33% constant.  Thank you for viewing and GLTA.  Go RV.

 

Note Value in IQD                      Amount of Notes                                      Total Value of Notes in IQD 25,000 660,000,000 16,500,000,000,000 10,000 660,000,000 6,600,000,000,000 5,000 990,000,000 4,950,000,000,000 1,000 1,155,000,000 1,155,000,000,000 500 1,320,000,000 660,000,000,000 250 1,980,000,000 495,000,000,000 50 2,310,000,000 115,500,000,000 Total 9,075,000,000 30,475,500,000,000

 


Here is a better view of what I am talking about.

 

 

post-38061-0-18824700-1395843445_thumb.p

post-38061-0-09653900-1395843487_thumb.p

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I remember hearing of a large number of notes years ago too what it was I don't remember

But I think 7 billion or it could of been 9 billion

Who knows I'd like to see in writing in an old article if it was higher like that

Now

These days they are talking about reducing the amount of notes from 4 billion to one billion

This also makes me wonder

But then again some of the notes could of been destroyed worn out and are just replaced as electronic dinars

What that tells me is ?

Who knows

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For some reason my pasting is not working, even if I copy the scree, use Paint and paste.  At any rate, I am determined to bring this forward.

 

/Note Value in IQD/Amount of Notes/Total Value of notes in IQD

1.  25,000/660,000,000/16,5000,000,000,000

2.  10,000/660,000,000/6,600,000,000,000

3.  5,000/990,000,000/4,950,000,000,000

4,  1,000/1,155,000,000/1,155,000,000,000

5.  500/1,320,000,000/660,000,000,000

6.  250/1,980,000,000/495,000,000,000

7.  50/2,310,000,000/115,500,000,000

 

Total

Notes-9,075,000,000

Value IQD-  30,475,500,000,000

 

Please forgive the crude and Jurasic way of bringing this to the table but I tried to paste it via pic/spread sheet and it did not take.  Please give me your inputs on this.  God bless all and Go RV.


For some reason my pasting is not working, even if I copy the scree, use Paint and paste.  At any rate, I am determined to bring this forward.

 

/Note Value in IQD/Amount of Notes/Total Value of notes in IQD

1.  25,000/660,000,000/16,5000,000,000,000

2.  10,000/660,000,000/6,600,000,000,000

3.  5,000/990,000,000/4,950,000,000,000

4,  1,000/1,155,000,000/1,155,000,000,000

5.  500/1,320,000,000/660,000,000,000

6.  250/1,980,000,000/495,000,000,000

7.  50/2,310,000,000/115,500,000,000

 

Total

Notes-9,075,000,000

Value IQD-  30,475,500,000,000

 

Please forgive the crude and Jurasic way of bringing this to the table but I tried to paste it via pic/spread sheet and it did not take.  Please give me your inputs on this.  God bless all and Go RV.

Just keep in mind factors of 33 or 33% or .33, which ever you want to work with. 

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Question?  Are we mixing Number of "Notes" versus value of each in 'dinars'? OR, is the CBI referring to - say, a larger  'note' only as in 10,000 or 25,000 dinar note values?  Some of this is intentional 'mis-direction' - then again some may be semantics or 'lost in translations'.

 Reducing 4 Billion notes of say a mix of  25,000 and 10,000 dinar values is one hell of a large number of dinars as we'd be pushing towards 100,000,000,000,000 (yes, 100 Trillion dinar). Even reduced to 1/4 it would still mean up to 25 Trillion dinar in circulation but that would be after "buying' them back to the CBI which the CBI probably does not have the $$ to do it. At todays value US of $.00084 per dinar it would be about a $63 (sixty-three) Billion buy back. Then again, if so, why would they RV until this figure in circulation is really reduced. No wonder the IMF finds them still in Non-compliance with Article IV. They are using US dollars to buy dinars and perhaps 'stalling' in spite of Maliki's political needs. Bad for Maliki - good for Iraq - and eventually us as holders of dinars to be exchanged.

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Question?  Are we mixing Number of "Notes" versus value of each in 'dinars'? OR, is the CBI referring to - say, a larger  'note' only as in 10,000 or 25,000 dinar note values?  Some of this is intentional 'mis-direction' - then again some may be semantics or 'lost in translations'.

 Reducing 4 Billion notes of say a mix of  25,000 and 10,000 dinar values is one hell of a large number of dinars as we'd be pushing towards 100,000,000,000,000 (yes, 100 Trillion dinar). Even reduced to 1/4 it would still mean up to 25 Trillion dinar in circulation but that would be after "buying' them back to the CBI which the CBI probably does not have the $$ to do it. At todays value US of $.00084 per dinar it would be about a $63 (sixty-three) Billion buy back. Then again, if so, why would they RV until this figure in circulation is really reduced. No wonder the IMF finds them still in Non-compliance with Article IV. They are using US dollars to buy dinars and perhaps 'stalling' in spite of Maliki's political needs. Bad for Maliki - good for Iraq - and eventually us as holders of dinars to be exchanged.

I am not suggesting the 4 billion notes yet.  This is next!  However, when they mentioned 9 billion notes equal 30 trillion dinars, I just factored the number "33" into all of my numbers, just like gas stations do all over the world, to hedge or keep that extra .000000001 that they love so much!  It all adds up folks!  Like I said before, this is MY SPECULATION and my view and would like input on it.    Thanks Pablo for your post.  GLTY and All.  Go RV.

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The number of notes in circulation isn't relevant.  The money supply consists of electronic currency as well as cash, and the money supply figures on the CBi website are increasing.

Excuse me Doc, but I disagree.   Most Iraqis do not have bank accounts so they don't have electronic currency.   "A bird in the hand is worth two in the bush!"  Real notes are what I am talking about.  Let's forget about the oil, the gold, the SDR's, ect.  I am just curious, about our investment and what we "Physically" have which are real paper notes.  If I am remotely correct, base on my assumptions and speculations about the amount of notes, and then there is another article that says they have 4 billion notes on circulation now, then these would significantly bring down the value(s) or notes on the streets of Iraq and the world which would inevitably bring change in values for the IQD's and our investments.   Thanks for your post and input.  GLTY and All.  Go RV

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Excuse me Doc, but I disagree.   Most Iraqis do not have bank accounts so they don't have electronic currency.   "A bird in the hand is worth two in the bush!"  Real notes are what I am talking about.  Let's forget about the oil, the gold, the SDR's, ect.  I am just curious, about our investment and what we "Physically" have which are real paper notes.  If I am remotely correct, base on my assumptions and speculations about the amount of notes, and then there is another article that says they have 4 billion notes on circulation now, then these would significantly bring down the value(s) or notes on the streets of Iraq and the world which would inevitably bring change in values for the IQD's and our investments.   Thanks for your post and input.  GLTY and All.  Go RV

 

Apparently many Iraqis do whether they're individuals or businesses, because electronic currency is listed in the figures.  Assuming that you're right and that the only relevant figure is the cash outside of banks, the CBI website lists that as 35 trillion.  http://www.cbi.iq/documents/key%20financial.xls

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It's currently a controlled currency, the don't have to disclose the real numbers. They aren't even considered an emerging economy because the currency isn't internationally traded.....yet

Have a good read of this article, single best one I've seen in 3 years.

http://dinarvets.com/forums/index.php?/topic/173839-is-the-process-will-delete-the-zeros-of-the-iraqi-currency-to-stop-rigged/?hl=%2Bcurrency+%2Brigged

Edited by aitshioud
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The number of notes in circulation isn't relevant.  The money supply consists of electronic currency as well as cash, and the money supply figures on the CBi website are increasing. 

Wow, I hadn't look at that. IF the supply is increasing, that ain't good. bummer

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I'm not quite prepared to circulate my dinar.........but sometimes, when nobody's around, I roll around in them.   :D   Okay, I'll be quiet now......the adults are talking.   :eyebrows: 

 

GO RV, and NO BV

Are you naked when you do it? 

 

Someone asked me to ask you that.

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IF YOU LOOK BACK TOO JAN, THEY SAID THEY HAD IT DOWN TOO ONE BILLION

I knew you could get a complete sentence if you put your mind to it.  Just take it east with the "O's".  You used two too many twice.  Sorry, I can't get the other "to" in here.  I guess it's late and I'm tired.

Edited by DWitte
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