There is another issue I don't see address much and that is according to the Koran, its followers are not to loan at interest to one another. They have of course ways they get around this but they haven't had many banks because of this. And many people had to find ways to store their treasures/currency and the large bills with 000 were just the ticket. But as long as they were out there people could store up their wealth at home someplace. When they get rid of these bills it will force people to use banks. Who is going to carry around 25,000 Dinar notes! The wealth of the Iraqi people will now accumulate in the banking system. They are setting up banks, ATMs, branches and other services. This move by the CBI will not make a bit of difference to prices in the country.
However, the second action by the CBI will make a difference because they are also going to revalue the currency so that it will replace the dollar for business and personal use. There are people who have figured out by some seemingly magical way what that new value will be for the Dinar. It is beyond me how they do but I like the higher values. GO RV!!!