Uncirculd: I think this is where the pavement meets the road. The preparations have been made and the plan is about to be put in to process. It started with a plan, the prep and implementation.
So I think we are at implementation process. If this is so. Now they begin the process of taking the 3 zero notes off the market "in Iraq", and RD with lower denoms. But they have been saying all along the dinar is worth a dollar. And we all know it is.
So, they will take their money supply to desired level and change the rate to reduce the losses. They don't care about the dinars we are holding. They know what is out of country.
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Then need to bring the supply down in country. If, just my opinion, if they wanted the out of country zeros exchanged, I think they would have been putting this info out also. To the banks at least.
But if it is to become an international traded and hard currency, they will have to make this change soon. Why? To be a traded and hard currency that reflects the wealth of the country.
Remember, this is a prideful nation and they want to return to their previous value of the dinar, and the government and CBI knows good and well if they didn't give value to it, it would create a civil war.
At least the value of the dollar. We have 2 years to see how they will get our dinars, by a new exchange rate, or exchange for the newer dinar and hold.
I am just spouting off some of the articles we have read for the last 2 years and lop DON'T MAKE SENSE. Stop worrying. This is a project we have been waiting for. The beginning of the process.
It's been held off for 2 years. Let it roll. Get resolve with this. It will be an RD for the Iraqi's. Once the books are adjusted, it will RV. That's just my opinion, don't know when, don't know how long it takes to remove all those notes, but I am just "banking" on what Shabibi has said. Not to mention the appearance of Saleh.