Yesterday I learned something I was not aware of. Once they redenominate, you only get a time frame to bring it in. I get that. But people outside of the country, if you don’t have a place to go exchange your currency, you can lose out altogether…You’re ass out. What is Iraq trying to do? They have a liquidity problem. So, how do you catch the criminals? You delete the zeros – you redenominate. You change the nominal value of your currency so the Iraqi people who are not criminals don’t loose any value of the currency. A 25,000 dinar becomes a 25. You force people to bring in the old currency in Iraq and out of Iraq. You swap out the old notes for the new notes… :Pimpy
