Thread: r/v Before October 1st. with Clock Set

Originally Posted by neno

(Unclassified). Have a Look Here and see pages 7 thru 9. The Weekly Updates.

http://www.export.gov/iraq/pdf/state_wklyrpt_092904.pdf

Thats from Sept. 29 2004

Originally Posted by spice12

good morning rosebud. nice nap?

was that sleepin or a fitful dinar wrestlin match?? lol

Originally Posted by frathousemicrowave

Thats from Sept. 29 2004

But Read Page 9.

Originally Posted by jsfletcher

Good morning sunshine. I hope you got some rest. Looks like whatever came out of the presser has ben locked down tight for now

Hey, what d'ya mean? I LOVE OUR SUSIE!!! Nobody, but nobody is locking me down!!


Just kiddin' ya there, JS..

Originally Posted by Cdn Scrooge

I think you better take another look at that excel spreadsheet, It clearly states at the top that the numbers are "Billions" and not "Trillions"

Yes, the numbers are in Billions on the spredsheet.

17,165 Billion M2 is 17.165 Trillion M2.



http://www.cbiraq.org/Monetary%20Aggregates.xls

Originally Posted by ordinaryseawoman

There was an article not too long ago that stated 4.3 or 4.6--anyone remember that??

If your talking about M2, then the CBI website lists it at 17 trillion dinar.

4.3 Billion dinar in M2 at a current exchange rate of 1470 dinar per dollar would be less than 3 million US dollars worth of cash in the entire nation of Iraq. Thats not the case. There is at least this much on ebay alone....

Originally Posted by archangel

Hey Rentonroir

so lets say the 10 trillion dinar was only in the hands of Iraqi's and it's not, and 10 trillion dinars equal 6.9 billion US dollars at the current exchange, and there were 25 million Iraqi's that means every Iraqi would be worth
$276 US dollars, are you kidding me, don't you see how ridiculous this sounds or am I missing something. ............

Thats correct. As far as the value of their cash on hand, every man woman and child has approximately $276 USD to their name. not bad for a war torn country. Why, what are your figures?

Originally Posted by MrsCK

GIVE IT UP WILL YA???? WHO CARES WHAT'S THE CBI WEBSITE SAYS - LET WORRY ABOUT THE R/V SOON!!!!!!!!!!!! Gee do you even think the USA government shows us TRUE BOOKS??? FYI - THEY DON'T - was on the news a few weeks back that our own GOVERNMENT has two sets of books and that the USA is in more debt then ***** bush is telling the american people. Google our own governments accounting books.

Goodnight SGS

Well, you are literally saying

"don't believe this country's central bank, believe this forum rumor!"

You'll excuse me if my default position is that of the IMF and World Bank - the CBI numbers are accurate until proven inaccurate.

http://www.cbiraq.org/Monetary%20Aggregates.xls

Originally Posted by _Apollo_

There has been many arguments in regards to the "10 Trillion" figure. Is this accurate? We don't know. However, we sent out information to our members several months ago that basically state that according to the IMF, the CBI can "miss-inform" all they want to stop the movement of the exchange rate (I am not at the office, so I don't have the exact information, I am sure someone can post it). This is BIG in my opinion. This gives the CBI the right to do or say whatever they want. I believe that the "zero lopping" statement was put out there for just that reason alone. It was a deliberate and calculated. I don't think it really stopped the movement of money like they thought it would, but it did cause quite a stir.

Well, the CBI literally posts in its spreadsheet that number, so I think until you have some evidence that a different number is more accurate than what the CBI is reporting, that they would get the benefit of any doubt.

http://www.cbiraq.org/Monetary%20Aggregates.xls

Generally speaking, having your central bank run a disinformation campaign about your monetary statistics isn't a way to inspire investor confidence or international prestige. Don't you think?

The zero lopping statement was never made by the CBI, it was made by the Minister of Finance who is no longer with the government. And certainly that zero lop was never posted to the CBI website as fact.

Given all these things, I will continue to go with the numbers that the CBI is giving to the IMF and World Bank and Paris Club.

Originally Posted by rentonrolr

Well, the CBI literally posts in its spreadsheet that number, so I think until you have some evidence that a different number is more accurate than what the CBI is reporting, that they would get the benefit of any doubt.

http://www.cbiraq.org/Monetary%20Aggregates.xls

Generally speaking, having your central bank run a disinformation campaign about your monetary statistics isn't a way to inspire investor confidence or international prestige. Don't you think?

The zero lopping statement was never made by the CBI, it was made by the Minister of Finance who is no longer with the government. And certainly that zero lop was never posted to the CBI website as fact.

Given all these things, I will continue to go with the numbers that the CBI is giving to the IMF and World Bank and Paris Club.

Could this have anything to do with the 2 sets of books? Or maybe they have lopped some zeros off of the exchange rate!!!!!!!!!