Amount of IQD in circulation?

[jmw]

If you go to the CBI site, click on the statistics link, then look at the financial stability report for 2009 (the top one), its in english and Arabic and it shows that in 2009 M2 was 45T dinars. I think M1 was about 1/10 of that (as it is for the US, we have ~$9T in M2 but $880B or so in M1), but I don't recall for sure. With 12% YoY M2 growth (as their site says on the home page) M2 could indeed be ~59T by now. At the moment their site isn't completing the download but I have see this file several times before (but didn't save it) http://www.cbi.iq/do...port_2009_f.pdf

Here is the link to their M2 through May of 2011...it is listed under Key Financial Indicators....and shows a M2 of over 59 Trillion.

http://cbi.iq/documents/key%20financial.xls

[abutchbaker]

Oh boy

[HopefulTxn]

Link?

Still had some links saved on this:

Showing 6 trillion dinar ($3 billion USD) in original exchange:

http://rafino.org/ShowContent?id=159

http://oea.citadel.edu/newsclips/archive20032004/1962.html

Interview with Brigadier General Hugh Tant:

http://www.usip.org/files/file/resources/collections/histories/iraq/tant.pdf

http://georgewbush-whitehouse.archives.gov/ask/20031120.html

Some great information from the CPA on the 2003/04 currency exchange:

http://govinfo.library.unt.edu/cpa-iraq/pressreleases/20040115_exchange_end.htm

The link above states that all costs associated with the currency exchange were paid for through DFI funds, as well as the initial amount distributed being $3 billion USD worth of dinar.

Your fault Keep - you asked for a link

[Markinsa]

Here is the link to their M2 through May of 2011...it is listed under Key Financial Indicators....and shows a M2 of over 59 Trillion.

http://cbi.iq/docume...20financial.xls

In the spreadsheet above, Row 76 = a - Currency Outside banks

-

[keepmwlknfny]

Still had some links saved on this:

Showing 6 trillion dinar ($3 billion USD) in original exchange:

http://rafino.org/ShowContent?id=159

http://oea.citadel.e...32004/1962.html

Interview with Brigadier General Hugh Tant:

http://www.usip.org/...s/iraq/tant.pdf

http://georgewbush-w...k/20031120.html

Some great information from the CPA on the 2003/04 currency exchange:

http://govinfo.libra...xchange_end.htm

The link above states that all costs associated with the currency exchange were paid for through DFI funds, as well as the initial amount distributed being $3 billion USD worth of dinar.

Your fault Keep - you asked for a link

Thank you hopeful you have been so helpful (pun intended)

[jg167]

In the spreadsheet above, Row 76 = a - Currency Outside banks

That all makes sense (thanks for the link jmw). So M2 is 59T, M1 is 50T, and the portion of M2 that is in deposits (line 85) is 34T, so the portion NOT in deposits (i.e. currency outside banks as noted by Markinsa, which would include dinars folks here have) is 25T. So it adds up, and to a whopping big number. 59T dinars at 1170 per dollar is $50B, so if their GDP is say ~$70B that's not unreasonable and the dinar is valued about what it should be for their current GDP.

[jmw]

That all makes sense (thanks for the link jmw). So M2 is 59T, M1 is 50T, and the portion of M2 that is in deposits (line 85) is 34T, so the portion NOT in deposits (i.e. currency outside banks as noted by Markinsa, which would include dinars folks here have) is 25T. So it adds up, and to a whopping big number. 59T dinars at 1170 per dollar is $50B, so if their GDP is say ~$70B that's not unreasonable and the dinar is valued about what it should be for their current GDP.

i would agree...therefore they need to either reduce their money supply or significantly improve their GDP...I think it might have been hopefultxn that pointed this out earlier but it appears that since they have had the same rate locked in for a couple of years now they seem to be growing their money supply at a much faster pace as they have improved their GDP and increased reserves.

[jg167]

Agreed. If they can get close to their goal of pumping on average 5mbpd, that could boost their GDP up to maybe $150B. M1 being such a huge fraction of M2 was a little surprising, as was the amount of currency not in banks, but I guess that just goes to show that this is a cash economy.