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Walkingstick

January 9, 2020
in Dinar Guru

The CBI has told us that all banks in Iraq are going to receive the 50,000 and the 100,000 freshly printed bills. The reason for it is because the CBI is now lessening the amount of 10k and 25k notes in the inventory of Iraqi banks.  They want to get more of the three zeros. The CBI is sending 50k and 100k notes only to be used from bank to a bank.  Each bank is getting a different specific amount.  Each bank must send to the CBI in return either 4 – 25K notes or 10 – 10K notes. We [Walkingstick’s firm] have not received them yet. Some banks have.  We believe we will be next.  They are only to be used from bank to bank not for circulation. The 50k and 100K are not to be introduced to the citizens. They are to introduce the small category notes when told on their schedule. This is being used to remove the three zeros notes from the banks not to draw them in – that was already done.

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