100,000 Dinar Note?

[Legolas]

Central Bank Consultant: Soon Will Issue a Currency of a 100 Thousand Dinars

Adviser said the Iraqi Central Bank the appearance of Mohammed Saleh, said that the Iraqi currency need to expand and we will issue a currency of a 100 thousand dinars.

Saleh said in a press statement that the central bank is considering the idea of re-structuring of currency in terms of specifications and forms to be that we will work to issue new categories of currency have the ability to shorten the large amount of financial aid, pointing out that trading continued in the use of $ 100 is the biggest proof of the urgent need to work on this size.

And the benefit that the process of lifting of the zeroes needs time and official approval from the government and parliament, adding that the moment is ready to delete the zeros of currency.

Tuesday, December 21, 2010

http://translate.googleusercontent.c...q-KOEEWEDCCGyA

*This article seems totally contradictory, so hopefully it's untrue. Issuing a 100,000 dinar note would indicate no likely increase pending in the value of the Dinar, and reverses the benefit of removal of the three zeros. On the other hand, news from Saleh is normally considered to be accurate.

[ftruck7]

[MooCow]

That guy is a no name adviser. He does not have any say. Check out the posts on this from yesterday where we discussed it.