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1-17-2016 *Breitling

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1-17-2016 *Breitling

Unread postby Vixen » Sun Jan 17, 2016 5:28 pm

1-17-2016 *Breitling ~There are two stages of the devaluation…you had Saddam Hussain under the old currency and at it’s peak without the note count being messed with it was $3.25 at 1 billion notes. When they introduced the new currency they actually introduced so much in the market…let’s say they went back to the original note count with the economy Iraq was in after the 2nd Gulf War…it was estimated that it would have been around $1.25 because of supply times velocity, the economy, they weren’t pumping out the oil…that was the economic state they were in..
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