Doctor Smith

If this is true it means quite a lot. They know it is going to revalue and they are getting set up for it.

I think the speculators have much less Dinar than the banking system and governments. So are small percentage will hopefully be too insignificant for them to bother with.

It's probably a rumor that the Iraqis have to turn in their 25,000 bills pre RV. They would have to carry around stacks of money which wouldn't be practical. They aren't going to "all the sudden" spend all their money as some claim just because they have smaller denominations. After a significant RV it will no longer be practical to carry around the larger bills. As the bills are cashed in the banks will keep them. Smaller notes or coins will be manufactured for small transactions. They aren't suppose to play games but it is possible that they will try to get you to turn in the larger bills in a limited time period. So you might not be able to hold on to them long enough to wait for a higher RV value or better bank rate (spread).

Save your prayers of thanks for after the cash is in the bank. The CBI shows no change. http://www.cbi.iq/

The IMF can't force a country to revalue its currency or China would have had to raise theirs. Iraq may be different because of the War. It's a little more complicated than filling all the positions getting out the rubbers stamp and pressing the RV button. https://www.freeconferencing.com/playback.html?cn=94-43-28-63&e=1294808400000&cid=conferences/67-17-65-672-17-65-67-51-112-17-65-67-17-65-675824-17-65-67181069477124.mp3

This is a possible scenario. If they only called in the 25,000 notes that would cut out about (my guess) 99% of foreign investors. I have been looking at smaller denominations if I buy more. The smaller notes (within reason) might be safer. Which notes will they stop at? The $500 is the first without three Zero's. You would have to have 20 100 note stacks to equal 1 million Dinar. And if they do that, what's to stop them from thwarting profits on electronic accounts? http://www.dinarbanker.com/iraqi-dinar-currency-info/iraqi-dinar-redenomination-and-exchangeability.html

It looks to me like the reserve policy is for those that know exactly when the RV is going to occur but have very little money. And judging from what I've seen this just isn't possible. Maybe you'll get lucky and put up a fraction of the money and it somehow hits just perfectly after 7 years. More likely you will end up paying more money or lose the deposit. It's already more expensive than usual to buy the Dinar at this time and the reserve Dinars are even more so. Unless you have some money that's coming to you and you're afraid it will RV before you have a chance to buy, just buy a smaller amount for now or wait.