yota691 Posted March 25, 2018 Report Share Posted March 25, 2018 Iraq progresses to four Gulf states in the classification of total money supply (N 1) March 25, 2018 0 views Knozemedia - Economy Financial data showed on Sunday that Iraq is providing a large number of Arab countries, including four Gulf states, in the classification of total money supply (N1). Money supply (N1) includes money circulating among individuals plus demand deposits (ie, total current accounts in the banking system). Iraq came in the 49th place in the world with a value of about 62.0 billion dollars, ahead of Qatar which ranked in the sixth place, Kuwait ranked 60th, Oman ranked 79th, Bahrain 85th. It also ranked Iraq ahead of other Arab countries such as Egypt, Jordan, Tunisia, Lebanon and Syria. Globally, China recorded the highest level of total money supply (N1) at the end of 2017 by about 8.16 trillion dollars, followed by Japan by 6.43 trillion dollars, then the United States by 3.63 trillion dollars, and Germany by about 2.31 trillion dollars. ss 2 8 Quote Link to comment Share on other sites More sharing options...
ComPLX Posted March 25, 2018 Report Share Posted March 25, 2018 This is shaping up nicely! 2 Quote Link to comment Share on other sites More sharing options...
climber7 Posted March 25, 2018 Report Share Posted March 25, 2018 2 hours ago, yota691 said: Iraq came in the 49th place in the world with a value of about 62.0 billion dollars, ahead of Qatar which ranked in the sixth place, I'm no math genius but how does 49 rank ahead of sixth place? 2 Quote Link to comment Share on other sites More sharing options...
dinarham Posted March 25, 2018 Report Share Posted March 25, 2018 What is interesting is the relationship between Iraq and Kuwait . Iraq ,49th ,Kuwait 60 . Makes me go hmmmm . And this when the dinar is worthless? 5 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted March 25, 2018 Report Share Posted March 25, 2018 6 minutes ago, dinarham said: What is interesting is the relationship between Iraq and Kuwait . Iraq ,49th ,Kuwait 60 . Makes me go hmmmm . And this when the dinar is worthless? Great eye Dinarham. I was thinking the same...and I immediately thought of the former rate of exchange above 3-1 2 Quote Link to comment Share on other sites More sharing options...
zul Posted March 25, 2018 Report Share Posted March 25, 2018 3 hours ago, yota691 said: Iraq came in the 49th place in the world with a value of about 62.0 billion dollars Something is not right here......in 2010 Saleh said " that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars.." https://www.google.com/amp/s/www.rferl.org/amp/1950504.html#ampshare=https://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html 25 billion dinar x 3 dollar = 75 billion dollar. Their 1990 population was about 18 million. Now in 2018 ( some 28yrs later) with a population of 34 million ppl, the value of their currency is only 62 billion dollar? 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 25, 2018 Report Share Posted March 25, 2018 1 hour ago, climber7 said: I'm no math genius but how does 49 rank ahead of sixth place? Maybe referring to 49th World Ranking and among Arab nations. 2 Quote Link to comment Share on other sites More sharing options...
climber7 Posted March 25, 2018 Report Share Posted March 25, 2018 22 minutes ago, ChuckFinley said: Maybe referring to 49th World Ranking and among Arab nations. Mebbe Quote Link to comment Share on other sites More sharing options...
davis411 Posted March 25, 2018 Report Share Posted March 25, 2018 1 hour ago, dinarham said: What is interesting is the relationship between Iraq and Kuwait . Iraq ,49th ,Kuwait 60 . Makes me go hmmmm . And this when the dinar is worthless? mmmmmmmmmmmmmmmmmm and mmmmmmmmmm what to have for dinner mmmmmmmm 1 Quote Link to comment Share on other sites More sharing options...
Integrativedoc Posted March 25, 2018 Report Share Posted March 25, 2018 43 minutes ago, zul said: Something is not right here......in 2010 Saleh said " that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars.." https://www.google.com/amp/s/www.rferl.org/amp/1950504.html#ampshare=https://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html 25 billion dinar x 3 dollar = 75 billion dollar. Their 1990 population was about 18 million. Now in 2018 ( some 28yrs later) with a population of 34 million ppl, the value of their currency is only 62 billion dollar? Exactly. Now they have roughly 40+ Trillion Dinars in circulation 1 Quote Link to comment Share on other sites More sharing options...
zul Posted March 25, 2018 Report Share Posted March 25, 2018 45 minutes ago, Integrativedoc said: Exactly. Now they have roughly 40+ Trillion Dinars in circulation We are talking about the value of their currency in USD my friend... 2 Quote Link to comment Share on other sites More sharing options...
climber7 Posted March 25, 2018 Report Share Posted March 25, 2018 57 minutes ago, davis411 said: what to have for dinner mmmmmmmm mmmmcDonalds? 2 Quote Link to comment Share on other sites More sharing options...
Donziman Posted March 25, 2018 Report Share Posted March 25, 2018 Kuwait is very stable due to the fact it has been a Kingdom for a long time. No stall tactics on passing laws and no fake soldiers drawing pay=checks. They have gold in a London bank and oil in the ground taken out by proven methods It is a small well educated population. No comparison to Iraq,which has the opposite situation on almost every point. 1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted March 26, 2018 Author Report Share Posted March 26, 2018 Iraq progresses to four Gulf states in the classification of total money supply (N 1) 12:50 - 25/03/2018 Information / Baghdad .. Financial data showed on Sunday that Iraq is providing a large number of Arab countries, including four Gulf states, in the classification of total money supply (N1). Money supply (N1) includes money circulating among individuals plus demand deposits (ie, total current accounts in the banking system). Iraq came in the 49th place in the world with a value of about 62.0 billion dollars, ahead of Qatar which ranked in the sixth place, Kuwait ranked 60th, Oman ranked 79th, Bahrain 85th. It also ranked Iraq ahead of other Arab countries such as Egypt, Jordan, Tunisia, Lebanon and Syria. Globally, China recorded the highest level of total money supply (N1) at the end of 2017 by about 8.16 trillion dollars, followed by Japan by 6.43 trillion dollars, then the United States by 3.63 trillion dollars, and Germany by about 2.31 trillion dollars. Ending / 25 2 Quote Link to comment Share on other sites More sharing options...
Firehawk335 Posted March 26, 2018 Report Share Posted March 26, 2018 20 hours ago, zul said: Something is not right here......in 2010 Saleh said " that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars.." https://www.google.com/amp/s/www.rferl.org/amp/1950504.html#ampshare=https://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html 25 billion dinar x 3 dollar = 75 billion dollar. Their 1990 population was about 18 million. Now in 2018 ( some 28yrs later) with a population of 34 million ppl, the value of their currency is only 62 billion dollar? With 40 trillion Dinar in circulation and no real increase in value of the country or GDP since 1990... this makes the Dinar worth about what it is traded at. 75 billion / 40 trillion = 0.001875 USD/Dinar Quote Link to comment Share on other sites More sharing options...
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