If laid end to end in US$1 dollar bills this amount of money would reach what planet from the Sun?

Click here for the answer

Global Money Supply

Daily Metal Prices

See more metal prices...

Bullion Dealers

Protect your wealth today
Visit our bullion dealers page to purchase gold and other precious metal products.

Topic Categories

	Current Events (104)
	Monetary Commentary (353)
	Economic Theory (43)
	Metals & Mining (21)
	Oil (8)
	China (22)
	Guest Commentary (563)
	Housing Bust (39)
	Taxes (10)
	Government Policy (98)
	History (55)
	Gold (94)
	Sub-Prime Implosion (41)
	Banking Crisis (76)
	Predictions (10)
	Hyperinflation (10)
	The History of Money (2)

Recommended Books

We entrusted the experts with our financial security and now we're reeling from the economic crisis. How do we get back on our feet...and invest wisely?

In The Wealth Code: How the Rich Stay Rich in Good Times and Bad, financial planner and investment strategist Jason Vanclef delivers straight answers...and solutions.

Visit the book website at www.thewealthcode.com.
Empire of Debt
Bonner and Wiggin enumerate a long list of chronic ailments that imperil the American financial system--a massive trade deficit, soaring personal and government debt, a housing bubble, runaway military expenditures.
The Intelligent Investor
The classic bestseller by Benjamin Graham, perhaps the greatest investment advisor of the 20th century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide.
Methods of a Wall Street Master
This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more.
What Has Government Done to Our Money
If you ever wondered about why prices keep going up, if you ever wondered why cars don't cost $2,000 anymore, if you asked questions like this and never thought you were getting a full answer, this is the book you need to read.
Economics for Real People
Economics for Real People is a clearly-written overview of "Austrian" economics, a libertarian school of economic thought founded by thinkers from Central Europe in the early 20th century.
Economics in One Lesson
"Economics in One Lesson", Henry Hazlet's, book makes a powerful and persuasive argument in favor of a free market economy.
The Road to Serfdom
This classic by one of the 20th century's leading libertarian thinkers has established itself beside the works of Orwell and others as a timeless meditation on the relationship between human freedom and government authority.
Crash Proof: How to Profit From the Coming Economic Collapse
For those accustomed to America's economic dominance, Crash Proof is a frighteningly forthright wake-up call.

Expansion of Global Currencies

By Mike Hewitt (0 comments)

The expansion of global currencies has exceeded nine percent over the last year.

This essay investigates which currencies are contributing the most to this development. One hundred currencies from 95 sovereign nations and five monetary unions have been examined.

The following pie chart shows the relative value of global currencies (M0) when converted to USD for means of comparison.

The Euro, US Dollar, Japanese Yen and Chinese Renminbi (Yuan) make up nearly three-quarters of the value of all circulating currency. While smaller currencies may be increasing at a faster rate, even minor percentage increases in any of these dominant currencies significantly changes the overall global totals, as evidenced by comparing the two tables below:

Twenty Fastest Growing Currencies in Relative Terms

Rank	Country	Currency Code	Y-O-Y Increase in M0			Date	XRATE
Rank	Country	Currency Code	Billions	%	US$ Billions	Date	XRATE
1	Iran	IRR	77855.0	97.4%	8.2	Mar-09	0.00010
2	Iceland	ISK	7.4	58.7%	0.1	Aug-09	0.00826
3	Angola	AON	46.6	47.1%	0.6	Apr-09	0.01337
4	Tajikistan	TJS	0.4	37.9%	0.1	Jul-09	0.22780
5	Iraq	IQD	5182.2	35.1%	4.5	Feb-09	0.00088
6	Venezuela	VEF	4.4	29.6%	2.1	Aug-09	0.46680
7	UAE	AED	7.7	26.5%	2.1	Mar-09	0.27230
8	Albania	ALL	40.9	26.4%	0.5	Dec-08	0.01164
9	Israel	ILS	6.9	25.1%	1.8	Aug-09	0.26240
10	Lebanon	LBP	453.2	24.7%	0.3	Aug-09	0.00068
11	Sudan	SDG	1.2	21.8%	0.5	Mar-09	0.44180
12	Turkey	TRY	5.9	21.0%	3.9	Aug-09	0.67420
13	Azerbaijan	AZN	0.6	20.8%	0.7	Mar-09	1.24560
14	Algeria	DZD	277.3	20.6%	3.8	Mar-09	0.01354
15	Tanzania	TZS	225.8	19.8%	0.2	Mar-09	0.00077
16	Libya	LYD	1.0	19.3%	0.4	Jul-09	0.82450
17	Suriname	SRD	0.1	18.8%	0.0	Jun-09	0.37040
18	India	INR	1093.6	18.6%	22.6	Aug-09	0.02070
19	Pakistan	PKR	176.2	17.3%	2.1	Aug-09	0.01208
20	Philippines	PHP	62.5	16.3%	1.3	Jun-09	0.02079

Twenty Fastest Growing Currencies in Terms of US Dollars

Rank	Country	Currency Code	Y-O-Y Increase in M0			Date	XRATE
Rank	Country	Currency Code	Billions	%	US$ Billions	Date	XRATE
1	EU	EUR	87.9	13.4%	125.7	Aug-09	1.43080
2	US	USD	81.4	10.5%	81.4	Aug-09	1.00000
3	China	CNY	355.5	11.5%	52.1	Aug-09	0.14660
4	India	INR	1093.6	18.6%	22.6	Aug-09	0.02070
5	Iran	IRR	77855.0	97.4%	8.2	Aug-09	0.00010
6	UK	GBP	4.2	8.4%	6.8	Mar-09	1.62750
7	Japan	JPY	551.6	0.8%	5.9	Aug-09	0.01070
8	Brazil	BRL	8.5	11.1%	4.6	Aug-09	0.54600
9	Mexico	MXN	60.5	14.9%	4.6	Aug-09	0.07560
10	Iraq	IQD	5182.2	35.1%	4.5	Aug-09	0.00088
11	Switzerland	CHF	4.6	11.5%	4.3	Feb-09	0.94410
12	Turkey	TRY	5.9	21.0%	3.9	Aug-09	0.67420
13	Poland	PLN	11.1	10.2%	3.9	Aug-09	0.35150
14	Australia	AUD	4.6	11.2%	3.9	Aug-09	0.84160
15	Algeria	DZD	277.3	20.6%	3.8	Aug-09	0.01354
16	S Korea	KRW	4462.7	15.6%	3.6	Mar-09	0.00082
17	Canada	CAD	3.4	6.8%	3.2	Aug-09	0.91660
18	Hong Kong	HKD	21.6	13.3%	2.8	Aug-09	0.12900
19	Egypt	EGP	14.9	13.3%	2.7	Aug-09	0.17970
20	Taiwan	TWD	85.6	10.8%	2.6	Jun-09	0.03042

I believe that the trend of countries flooding their monetary systems with ever-expanding amounts of fiat money will erode the value of their respective currencies. Dollardaze will continue to monitor the expansion of money supply and its resulting effects on purchasing power.

_____

© 2009 DollarDaze

ABOUT THE AUTHOR

Mike Hewitt is the editor of DollarDaze.org, a website pertaining to commentary on the instability of the global fiat monetary system and investment strategies on mining companies. His website also provides a no-cost market data feed service with up-to-date quotes on currency exchange rates, commodity prices and major indices. Mike can be emailed at mikehewitt@hotmail.com.

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

add to technorati |

reddit |

add to del.icio.us |

add to furl |

stumble it!

This article has been favorited 5 times on DollarDaze.org | Make this your favorite article

Posted in Monetary Commentary, Mike Hewitt

Prev/Next Posts (General, 672 of 691)

« Tungsten as a Gold Substitute | Index | What's Wrong With Declining Prices? »

1790673

Search DollarDaze

Your Purchasing Power

Web Media

Mainstream Economics

	Crisis was made in China
	Depression Lurks Unless There's More Stimulus
	Observations on Negative Interest Rates
	It May Be Time for the Fed to Go Negative
	Monetary Policy in the Financial Crisis
	Deflation: Making Sure "It" Doesn't Happen Here
	Economists clash on shifting sands