Basically this post means Iraq is removing additional NOTES from circulation, and it also means the Lower Denoms are now officially on the “MOVE” for release and circulation.
On the flip side of this article it also means the 10 and 25k notes we hold as investors may become worthless or currency dealers will have to start USA note replacement process like they did the 50 notes a few months ago.
This article lets us know that there MUST be a rate adjustment taking place IN COUNTRY, otherwise you would have to carry around truckloads of currency to purchase things and the LD’s will require an adjusted AND higher exchange rate in order to replace the other notes.
IMHO this is the closest thing to an announcement we will get of an RI or an RV
This is a VERY Big Announcement from Iraq
FINANCE COMMITTEE: CENTRAL BANK TO WITHDRAW 10,000 AND 25,000 NOTES November 17, 2015
Our economy / Baghdad
Detection of the Finance Committee member Abdul Qader Mohammed, Tuesday, for the withdrawal of 25 thousand dinars compared to the category of the new category issued by the Central Bank, as he emphasized that the issuance of the fifty thousand category will make it easier to deal in Iraqi dinars at home to reduce the trend towards the dollar.
Mohammed said: Pentecostal group that issued by the Central Bank does not have any negative impact on fiscal policy in Iraq.
He stressed that the Iraqi currency dealing will be closer to deal private dollars for businesses which use large amounts of money where it is most dealing in Iraqi dinars existence of 50 thousand class.
He added that the issuance of this category will make it easier to deal in Iraqi dinars to be at home in the biggest turnout of the dollar, which have an impact on reducing the trend towards last.
He disclosed that a new class is issued by the central bank in return will withdraw the class 25 000 or 10 000.
Little, the central bank announced in November 201 511 for issuing banknotes category 50 000 dinars dimensions of 65 mm width, 156 mm length and predominantly light brown except Framework decorations that took bold color were printed using the superior quality of the printing paper with A number of security and the technical marks.
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