I believe there is a strong possiblity that the smaller denom's have been in place since day one.
I very seldom post, I have held dinar since 2008. Often read and try to digest what is going on. I would like your opinion on an item that has been bugging me for a long time, http://www.nytimes.c...n/27taylor.html This article identifies 27- 747 plane loads of new Dinar (reportedly valued at 28T). This is old news on this site. However no one has ever delved into what this really meant.
Using 25K dinar notes: measurments ~ 3.125 inch wide x 7.0 inch long x 1 inch thick = 6 Million Iraq Dinar. a 4 ft x 4 ft x 4 ft pallet of 25K dinar notes would be 64.8 Billion/pallet. This takes up a volume of 64 ft. cubed. Each of those 747's has 605 cubic meters or 21,365 cubic feet of cargo space. Using just 50% of the cargo capacity, each 747 would hold 10.8 Trillion Dinar, 25K notes ( becauce of density, weight would not be the limiting factor, however volume/space would be). A 747 loaded to 50% capacity of 10K dinar notes would be hauling ~ 4.3 Trillion dinar /plane. My point here is: There could be/seems to be, a whole lot of smaller denomination Dinar already printed in Iraqs' possession, or we flew a lot of empty planes there. If this is in case the fact, the buy back of the large denominations may be easier than most people are speculating. It was necessary to release the large Denom. in order to conduct business in the last few years. One could play games with how much of what denom's are in circulation. However, if they have 90B USD in reserves they may in fact be able to buy back most of the 25K and 10K notes depending on what % of the overall 27 plane loads were those sized denominations.
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