currency issued by CBI going from 50T to 5T?

[EverCurious452]

There is much yadda yadda about the currency issued by the CBI going from ~50T down to ~5T as seen by 2nd graph (from https://cbiraq.org/SeriesChart.aspx?TseriesID=157)

But M0 (from https://cbiraq.org/SeriesChart.aspx?TseriesID=152) has not gone down (the first graph).  What "currency issued by the CBI" even means as opposed to M0, I don' know.  But the interesting thing is that currency with commercial banks (the 3rd graph) from (https://cbiraq.org/SeriesChart.aspx?TseriesID=158) has gone in the opposite direction.  So I think the obvious conclusion is that there has been a data entry error and these two numbers have been swapped.

 

[gregp]

I’m thinking the CBI just rolled the money into the commercial banks, in preparation for the big reconstruction kickoff. 
New rate included.  
5/50 = $0.10 cents.  

[EverCurious452]

5 hours ago, gregp said:

I’m thinking the CBI just rolled the money into the commercial banks, in preparation for the big reconstruction kickoff. 
New rate included.  
5/50 = $0.10 cents.  

If that was meant to be taken seriously (maybe you were joking?) I have no idea what it means.   IQD in banks (commercial or otherwise) is very different than IQD in the CBI.  And why does that arithmetic imply a new rate?  M0 and M1 have not changed.  A rate of 10 IQD per 1 USD would drain the CBIs foreign reserves with only 1% of the usual IQD coming in for exchange (i.e. to buy imported stuff).

[rockfl9]

These graphs come off of a spreadsheet program. It should be obvious that the clerk entered the values in the wrong columns .

Should be corrected next entry. The are only human.

Nice try!

 

[rockfl9]

Well they finally corrected the mistake.