Very interesting comments from my Kurdish friend (treat all as rumor and please due your own sound diligence). My amigo states thatthe GOI, economic committee and CBI are now in unanimous consensus to finally execute the long awaited deletion of the zeros program with an anticipated rollout within the 1st half of 2016.
This program will reduce the note supply dramatically with the retiring of the old notes and exchanging them with the new ones which of course will not have the extra 3 zeros.
This is most certainly the LOP program. Their goal then will be to weed out all the old notes within a (still to be determined) short period, most proposing 60-90 days.
Exchanges will only be allowed in certain provinces and NO notes outside these to be named areas will be honored. Any attempts to “bring inward” any outside held currency will be regarded as money laundering and subject to Iraqi prosecution.
This long drawn out affair regarding the dinar will finally come to a conclusion.
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