Search the Community
Showing results for tags 'small denoms'.
-
Didnt take long for the GooooRUS to twist a simple announcement into a form of preannounce of an RV/RD! Truth is Iraq is a cash economy. Merchants dont have POS and cc readers like we have here , they must make change in cash. The only thing this announcement means is that they are getting tight on available small notes . They dont have coins that last a long time . The small notes are folded and handled carelessly so they wear out fast. Inability to make change will shutdown a small business. All this special window does is allow a merchant to send employee with a couple of 25K notes to this window to get a quick handfull of smalls to keep his business going .. THAT's ALL. Note however that every note , even the smallest costs 6 cents ( that's 72 dinar) to replace !!!! That is an expense to the CBI. That is why the 50 note is gone. The 100 will be next.
-
hey guys, was wondering if anyone knows of any dealers who have programs in place to swap out 25,000 notes for smaller notes? i like the 25,000 notes, fit nicely in my bank box, easy to count and i dont believe they will do away with single notes vs the whole currency so doesn't matter to me but a coworker is looking to swap his 25,000 and 10,000 notes for small stuff
- 7 replies
-
- iraqi dinar
- small denoms
-
(and 2 more)
Tagged with: