Militia Man

A short hard deadline, something like one month, for citizens to turn in the large notes is not just administrative convenience.  It’s a deliberate pressure mechanism.  Legitimate money has every reason to come in during that window.  It’s brilliant.  Holders of undeclared or illicit stocks [of dinar] face a binary choice.  Bring it in and answer questions or miss the cut off and be left holding notes that are no longer usable or redeemable…Those who stay outside effectively hold a bag of paper that has lost its function as money.  We’re talking about inside Iraq… :Militia Man