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Tuesday, November 17, 2015

MNT. GOAT TIDBITS, 17 NOV

There is a mandate from the CBI to banks that they will use these new 50k and 100k notes for very large inter-banking and commercial transactions since once they collect all the large old 3 zero notes they will no longer have the very large 3 zero notes for this purpose (5k, 10k, 25k).

The 50k notes will coincide indefinitely with the new lower denominations ($5, $10, $20, $200, etc.) in circulation as the new Iraq currency going forward.

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