yes, currency is in demand by bank-robbers, but is it scarce?
there are some who believe that the value of money comes simply because it is backed by the state. But in Iraq, some currencies circulated that had been issued by states that no longer existed -- even though they were replaced by new currencies. I was wondering if this is still so. It would be ironic if, in addition, Bush's state in Iraq were to be in such bad shape (causing inflation) hat its dinar was worth less than Saddam's old ones are now. On 7/29/06, Marvin Gandall <[EMAIL PROTECTED]> wrote:
Jim Devine writes: > awhile back, there was monetary chaos in Iraq. More than one dinar > circulated, some left over from Saddam's regime. Are there still > different kinds of currency in circulation? is the the old Saddam > dinar still being used? is the official Iraqi dinar falling in > purchasing power? ============================ Actually, there is great demand for the new Iraqi dinar in the new Iraqi democracy!
-- Jim Devine / "... the greatest bulwark of capitalism is militarism." -- Emma Goldman.
