I just got done reading easy's post: http://dinarvets.com...showtopic=67893. If i am reading this correct, does this mean that my 25,000 notes will be worth next to nothing after the RV? Is it advisable to get your Dinar in small notes? Should i be worried about this? How do the rest of you feel who have a bunch of 25k notes?
Thanks for your time,
P.S. Has Shabibi since explained the out of country processes regarding large notes?
I think, and this just my opinion, that if they rv the currency then we would be in around $2500-$25K per 25K IQD note and see if they put a time limit on them to turn it in. No one will know till the time comes, but that’s just a guess. I don’t think it would be necessary to draw them in within a time frame, because I think they would be brought in naturally. Probably 60-80% off investors would cash out immediately, thus reduce the amount in circulation as well as the Iraqis running to the banks and open bank account, maybe because they would have to in order to get the lower denominated bills they would need to make everyday transactions. (That would be a good idea)
If they Lop or/and RD, I do not think it would make any sense to get rid of the high value notes anytime soon and you can probably ride them up to $3.00 or so before you run the risk of them having to leave circulation. Or, which I think would be more likely in this situation is that they would just introduce a new currency of lower denoms and replace all existing bills, and unless you want to take a trip to Iraq to exchange them, will be worthless.
Time will tell.