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The third recorded decline in 20 years... the decline of the Iraqi printed currency
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Economy News - Baghdad
Data from the Central Bank of Iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023, while indicating that this decrease in the amount of currency is the third largest decrease recorded in 20 years.
According to the data, the total amount of currency in Iraq “printed” until December 2023 amounted to 101.4 trillion Iraqi dinars, a decrease from the amount of currency that was in Iraq in November 2023, which then amounted to 102.6 trillion Iraqi dinars.
This means that the amount of printed currency has decreased by 1.2 trillion dinars, which is supposed to have “disappeared,” and the only way for this is usually for the Central Bank of Iraq to destroy this currency, and it usually compensates for it by printing another currency.
The data shows that the largest recorded decrease in the amount of the Iraqi currency since 2004 until now was between June and July 2014, when the decrease reached 2 trillion dinars, and then between November and December 2015, with a decrease of 1.4 trillion dinars, and also between May and June 2021, with a decrease of 1.4 trillion dinars. .
The latest decline between December and November 2023 comes as the third largest decline in the amount of currency printed in one month, amounting to 1.2 trillion dinars, since 2004 until now, that is, 20 years ago. It also comes within only 6 similar declines, amounting to more than one trillion dinars in a month, in twenty years.
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Added 02/25/2024 - 9:58 AM
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Economy News - Baghdad
Data from the Central Bank of Iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023, while indicating that this decrease in the amount of currency is the third largest decrease recorded in 20 years.
According to the data, the total amount of currency in Iraq “printed” until December 2023 amounted to 101.4 trillion Iraqi dinars, a decrease from the amount of currency that was in Iraq in November 2023, which then amounted to 102.6 trillion Iraqi dinars.
This means that the amount of printed currency has decreased by 1.2 trillion dinars, which is supposed to have “disappeared,” and the only way for this is usually for the Central Bank of Iraq to destroy this currency, and it usually compensates for it by printing another currency.
The data shows that the largest recorded decrease in the amount of the Iraqi currency since 2004 until now was between June and July 2014, when the decrease reached 2 trillion dinars, and then between November and December 2015, with a decrease of 1.4 trillion dinars, and also between May and June 2021, with a decrease of 1.4 trillion dinars. .
The latest decline between December and November 2023 comes as the third largest decline in the amount of currency printed in one month, amounting to 1.2 trillion dinars, since 2004 until now, that is, 20 years ago. It also comes within only 6 similar declines, amounting to more than one trillion dinars in a month, in twenty years.
800 views
Added 02/25/2024 - 9:58 AM
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