4-13-2015 *Kaperoni

[Vixen]

4-12-2015 *Kaperoni ~I will try to explain a few things as clear as I can...Iraq has no intention of releasing any larger denominations. There is no 50,000 or 100,000 or any intent to make them...it does them no good. You must view this investment with the vision that Iraq wants to engage and open a market economy with the world. It has been said over and over they need to reduce the physical notes from 4 billion to 1 billion. They need to remove the zeros for many reasons including accounting purposes, they need to create a monetary system on par with the world, etc. etc. This information is stated in numerous articles and documents... And in doing so...adding any denominations with "zeros" does not acheive these goals. In fact it does not help in one instance. Therefore, we know factually that Iraq will not go backwards. It is not in their interest. Now, as for the 50 dinar that is expiring...there are many reasons why it is being demonetized. But let me explain something...Most countries of the world size the currency depending on value (the US does not)...the 50 dinar is very small. Almost like play money with dimensions like 2" x 4". This represents the lowest denomination and value. Here is why they removed them...As the dinar rises in value and the new lower bills are issued, it creates a new set of sizes based on the new value of the dinar...with the 50 ultimately being the second largest dinar and not the smallest...ie. 1, 5, 10, 20, 50, 100. Continuing with the theme, Iraq could not have a 50 this size in circulation as it would not be correctly identified (size) within the new bills. Removing it and allowing the CBI to issue an entire new set solves that issue.