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Thursday, October 17, 2019

SANDYF UPDATE, 17 OCT

sandyf 
[...they say there is 42 trillion OUTSIDE of Iraq...]  I don't know [who?] "they" are but I have never seen anyone say that


The only figure that means anything is the liability for currency in the CBI accounts and that currently stands at 48.5 trillion dinar...  

The accounts for 2005 showed that approximately 6 trillion was required to exchange previous versions into the new dinar and since then the amount has grown significantly each year

How much currency outside Iraq is pure speculation but comparisons to population and business growth have put estimates at around 25 - 40%.

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