I have a number of confirmations with people on the ground in Iraq that they are seeing some lower denominations in Iraq. They are seeing $500’s and $250’s…
they have suddenly released a large number of them into the market. They are functionally pretty useless right now. With the current pricing right now of the dinar, the $250 dinar note is worth about .19 cents US. The $500 note is worth about .38 cents US.
Why would they suddenly release into circulation so many of these bills? Why do you need a bunch of notes only worth .19 Cents? You don’t.
Doesn’t it make a great bridge…a functional currency when the rate changes? Suddenly it RVs and a $250 notes goes from .19 cents to (lets say ) $25.00? that is a massive change in value. I have some pretty excited folks from Iraq who say “this is it” and now all they have to do is release the even smaller notes which they already have… There is no reason to release those notes unless a revaluation was happening soon. And they expect it to be done on or before Victory Day [December 10]. This $250 note being released should have you all excited.
