Shredd:Hello all. We've been chatting about what currencies and denominations are being used in Iraq in light of the article that came out a few days ago regarding the replacement of the 250 and 1000 note.
I remembered I knew of a soldier who just came home from a tour in Baghdad. This is the text of our conversation:
Me Shredd: Hey xxxx,I'm working on some research on currency usage in Iraq. Can you confirm you served in Iraq?
Soldier: Yeah I served in Baghdad Iraq.
Me Shredd: Ok, I know USD was and is used over there. Did you all use US coins too?
Soldier: Nope. We only used paper money. For the most part only $5 bills. The people seemed to like that better than [the] ones.
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Me Shredd: Hmm, ok. One more question: did the troops or local iraqis use their own currency at all?
Soldier: Iraqis did a little bit. But all Americans definitely use American money and the Iraqis prefer our money.
Me Shredd: Right. Ok. I assume the vendors took both currencies?
Soldier: I believe so, yes.
Me Shredd: Ok, thank you so much sir!
Soldier: No problem.
Shredd: So, putting this in the context of the 250 and 1000 being replaced, until Iraq de-dollarizes, it wouldn't make a whole lot of sense to spend the money to replace these notes.
My hope is there is a plan for these notes to gain value and be used more than they ever have!
BondLady: I ALSO TALKED TO MY BUDDY THECROW, FIREFIGHTER IN THE GREEN ZONE YESTERDAY...10/29/12 AND HE ALSO CONFIRMED THEY DIDNT USE U.S. COINS IN IRAQ, ONLY DOLLARS, MAINLY DOLLARS, AND IQD
BUT THE PEOPLE MAINLY ONLY WANTED U.S. DOLLARS ABOVE THERE OWN CURRENCY....BL