They are telling us they must get these hoards of cash inside the banks… nearly 90% of the cash dinars are still outside the banking system…So, this step is FIRST to concentrate on the in-country dinars. Next they are going to come after the out-of-country dinars…I asked my CBI contact- does this also include our dinars, held outside Iraq with investors? … I was told YES…if they don’t’ retrieve these dinars in-country first, before the revaluation…there will be too much in the money supply and hyper-inflation will occur… she told me…They would first retrieve these hoards then, by revaluing the dinar in-country, then bring out the lower denominations.
