6-18-2013 Newshound Guru Enorrste The new money supplied within the country will amount to 25 billion dinars. If, as they say, they allow the VALUE of the dinar to rise to "about $1), then if they have $80 billion worth of reserves at that time, then they will have over 300% coverage of their money supply, in country. Furthermore, they could allow the dinar to go to $3 per dinar and still have over 100% coverage of their money, keeping them as the strongest currency in the world. So what happens with the 7 trillion dinars outside the country?... [Post 2 of ??? Stay tuned for the rest of the story...]
6-18-2013 Newshound Guru Enorrste ...the CBI is stating that their CURRENT money supply of 33 trillion dinars, which is worth about $30 billion, is covered by 2.5 times with their $80 billion in reserves. In other words, their current money supply has 250% coverage. Having said that, let's assume that Iraq does what it says it will do and withdraws the large denominated notes beginning in January of 2014. We can reasonably suspect that about 7 trillion dinars are outside of the country. This would mean, then, that they would withdraw about 26 trillion dinars from circulation. Of course these dinars will have to be replaced, as they have said (otherwise they would have NO dinars in the country) and they have stated that they will issue 25 Billion dinars to replace the 26 trillion that they remove. Now, let's go one step farther... (Post 1 of ??? stay tuned for the rest of this juicy analysis! )
6-18-2013 Intel Guru Okie_Oil_Man THERE ARE MUCH POSITIVE NEWS COMING IN THIS MORNING. LET'S SEE WHAT THIS DAY MAY BRING--WILL UPDATE AS INFORMATION BECOMES VERIFIABLE--BLESSINGS.
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