Iraq progresses to four Gulf states in the classification of total money supply (N 1)

[yota691]

Iraq progresses to four Gulf states in the classification of total money supply (N 1)

March 25, 2018

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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 

[ComPLX]

This is shaping up nicely!

[climber7]

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? 

[dinarham]

    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?  

[Officiallytook]

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

[zul]

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?

[ChuckFinley]

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.

[climber7]

22 minutes ago, ChuckFinley said:

Maybe referring to 49th World Ranking and among Arab nations.

 

Mebbe 

[davis411]

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

[Integrativedoc]

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

[zul]

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...

[climber7]

57 minutes ago, davis411 said:

what to have for dinner

mmmmmmmm

 

mmmmcDonalds? 

[Donziman]

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.

[yota691]

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

[Firehawk335]

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