Besides deletion of the three zeros argument, one of the other largest arguments against a possible revaluation of the Iraqi dinar is the money supply is too big…Imagine Iraq announces you bring in your old dinars into the banking system. We will exchange them for the new currency. But very large amounts of currency must pass a source of funds check. Now imagine 40 trillion old dinars sitting in warehouses, homes, safes involving criminal networks, corruption proceeds, etc. whose holders cannot satisfactorily document where the money came from…Those holders would have a problem. If they take the cash to a bank they potentially expose themselves to investigation or confiscation. If they don’t take it to the bank before the old currency is demonetized, those notes eventually cease to be legal tender… :Stephen
