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Mnt Goat "The Citizens in Iraq are NOT Exchanging Anything"  4/24/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mnt Goat "The Citizens in Iraq are NOT Exchanging Anything" 4/24/18

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Post by roxy22222222 on Tue Apr 24, 2018 6:59 pm

RUMOR: In Kurdistan banks exchanging damaged bills and three zero notes and giving out lower denom's of five's, two's and ones.  The citizens in Iraq are NOT exchanging anything. I would not use the term “exchanges” but rather “turning in”.   ...Also if any banks are issuing the 5,10 and 1 dinars it is not with the permission of the CBI.  It is a mistake and the CBI will correct this mistake.  So recently the CBI simply aed the citizens in Iraq to look under their mattresses and backyards for their hoards of the 3 zero notes. Then bring them in and deposit them in their bank account. They need to collect these notes prior to the RV to reduce the money supply first prior to issuing a new set of currency.  Yes, some “smaller” notes are being given for some of the money turned in but certainly not fully replacing 3 zero note amounts for exact same amounts in the newer lower denominations. Why would they do this?
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Post by Scotchie on Tue Apr 24, 2018 9:54 pm

It is going to be a redenomination, not a revaluation.

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