MarkZ

  In MarkZ 

We heard very early morning in Iraq they started breaking out the lower denominations-widespread. I am trying to get dead-solid confirmation. I talked to a couple contacts ….but I want video confirmation. [What does Iraq breaking out lower denoms mean?] It means we are here…we have arrived…why would you need a 5 dinar note when it can’t buy anything with the current level of zeros on the currency?  Right now it takes a 10K note to buy a soda…. We are looking to see 1’s, 5’s 10’s and 50’s …Its been a key piece to see those lower denominations in their ATM’s , on the streets and in their markets so we know they have revalued or about to revalue. They need those lower demons as soon as they revalue to continue with commerce and be able to make change.

Tags: /