All that remains in Iraq is roughly 20 to 40 trillion dinar. When they delete the zeros, the 20 to 40 trillion dinar becomes 20 to 40 billion dinar. The central bank does not give two craps about their M1 money supply because most of that is outside the country and it’s not usable outside the country. All it does is become a Basil III asset in the countries that have that currency. That’s why they don’t care [about the dinar we hold].
