They spent somewhere around $49,429,000 in 2018…on currency issuance. That would be for the new small category notes and potentially the fils, which are coins…March 17th there was the article that came out about the coins. It also spoke about the deletion of the zeros. Those 2 things go hand in hand. Quote: “the central bank is the only one responsible for supplying the currency, bank notes and coins to the country of Iraq.” That’s the central bank’s job. They did that in 2018…we know they did issue currency to the tune of about just under $50 million worth and they did it for a reason. [Post 1 of 2….stay tuned]
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