Many disbelievers still ask me “how can we be sure that Iraq does not redenominate to the lower denominations and then discontinue these older three zero notes, leaving us holding the bag”?…To answer this question, you must go back to 2011 when the plan was first exposed to us for the process to get to the reinstatement (currency reform) by the Central Bank, World Bank and the IMF. At this time, it was told to the Iraqi people… It was very clear in the articles at that time and later confirmed by Dr Shababi in interviews in 2015. What they told us was that these large three notes would stay as valid currency but no longer be in public circulation or use. They would be used solely for “inter-banking” transactions. There would be a collection process prior and the 1:1 exchange would take place within Iraq. [post 1 of 2….stay tuned]
