Smaller Notes Only Mean One Thing. A note smaller than 250 dinars is worthless at today’s rate. A state prints one only when it knows the rate is about to change…Baghdad intends to print a banknote that makes no sense at today’s rate. Smaller than the 250-dinar note. Below the smallest note Iraqis carry. At the official rate of 1,310 to the dollar, a 250 note is worth about 19 US cents…A 100-dinar note buys 7 cents. A 50 buys under 4…No government on earth prints paper pennies. The ink alone runs dearer than that. The note would lose money…A state orders a small denomination for one reason: because each unit is about to buy something. You do not mint it for the dinar as it trades today. You mint it for the dinar you have decided to bring back. Reset Intelligence
