[Post 1 of 2] Article: “IRAQ ISSUES NEW BANKNOTES WITH INNOVATIVE SECURITY FEATURES FOR THE VISUALLY IMPAIRED…PHOTOS” These new versions of the three zero notes should not worry you...I will emphasize once again the CBI has told us many times in the past that these three zero notes are not going away for sometime even after the Project to Delete the Three Zeros is completed...Iraq will eventually be using dinar widely to pay for imports. Where are they going to get all this cash to pay for very large sums/costs of imported goods? As time passes much of these transactions will be electronic, but not yet. …The banks would still need the larger three zero notes.
[Post 2 of 2] …Next, the CBI has specifically told us many times these larger notes will still exists and will be used behind the scenes for “inter-banking” transactions. Of course they will be taken out of the mainstream circulation but will still remain as legal tender…My CBI contact also told me the CBI was forced politically to print these notes because of the demand to satisfy the visually impaired…The fact that these notes will still remain legal tender even after the Project to Delete the zeros should make you feel good. No, they CBI is not going to screw us investors.
