EverCurious452 Posted January 4, 2020 Report Share Posted January 4, 2020 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. Quote Link to comment Share on other sites More sharing options...
gregp Posted January 5, 2020 Report Share Posted January 5, 2020 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. 1 1 Quote Link to comment Share on other sites More sharing options...
EverCurious452 Posted January 5, 2020 Author Report Share Posted January 5, 2020 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). 1 Quote Link to comment Share on other sites More sharing options...
rockfl9 Posted January 7, 2020 Report Share Posted January 7, 2020 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! Quote Link to comment Share on other sites More sharing options...
rockfl9 Posted February 12, 2020 Report Share Posted February 12, 2020 Well they finally corrected the mistake. Quote Link to comment Share on other sites More sharing options...
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