Per United Nations rules, a country cannot walk away from its currency. A 25,000 IQD note will have its zeros in tact. After the in-country IQD are all brought in for exchange via the deadline, they are free to revalue the currency as all notes will be accounted for. Let’s use the number 3 for example. In-country, those 25,000 dinar notes will be 25 dinar notes and will have a USD value of $75 dollars. (25 X $3.00=$75) . Outside the country, a 25,000 note will then be worth $75,000.00 ($3.00 X 25,000=$75,000.00). At this same time, a digital IQD will be used for all cross-border payments thus forcing all paper currency to stay in Iraq’s borders. Everyone wins since the USA has an estimated 35 trillion IQD they received in currency swaps when we gave them USD in exchange for IQD at the rate of 4000 IQD to 1 USD, to bail them out of financial straights. WIN – WIN – WIN!!! :Fnu Lnu [Post 2 of 2]
