Second...if there is such a glut of Dinar and big notes ...then where in the heck are they? Private banks are screaming for liquidity – THEY NEED NOTES!! If there is so much stinking Dinar in circulation – it should be a simple matter to obtain what the market (in Iraq) needs. THIS IS NOT THE CASE.
Third...if the CBI truly intended to keep the value at 1166 – would it not be a reasonable conclusion they would regularly replace the worn and damaged currency? This has been a source of major complaint for some time now...any normal economy has a plan in place for removal and replacement of worn and damaged currency. The US replaces significant amounts of our currency on a regular basis. This is a common practice. Not in Iraq (currently) – Why?