Kaperoni

Guru Pimpy [Reference Pimpy 10-11-2022 below] is claiming that the new 20K note (even though the Central Bank of Iraq said it will not contribute to inflation) thinks it will…Whenever a central bank issues a new currency they don’t just flood the market with it and add it to their existing money supply, the currency replaces old worn out notes that are being pulled in. The same occurred when the 50k note was issued. It does not increase money supply.  In fact the introduction of a newer note (20k) could even reduce the money supply if it replaces a larger note such as the 25k.