[What can you share about the MO figures? What is your opinion?]
I think they are very low.
The spreadsheet of the CBI will show something like 27 trillion.
The exact cash in the hands of the citizens…they say they have around 70%…but never share the exact amount.
Remember about 2 years ago they said they reprinted about 4 Trillion Dinars.
I believe…maybe like a couple of trillion in the hands of the people because most citizens have USD’s.
Exchange with citizens will either be electronic or into lower denoms.
The only time you can buy USD’s will be if an Iraqi is traveling to the USA and shows documentation.
The CBI is not going to lose any money.
A month ago…they stated they had like 11 billion dinars…I think they have less than that.
Inside of Iraq…a dinar is a dinar – they can’t exchange for USD’s.