Pimpy
Community Comment: "If you have the old note with all the zeros on them, the Iraqi bank is obligated to give you the rate that's on their screen."
They're not obligated to do crap. Once this change [re-denomination] takes place then it doesn't make a difference if you have dinar in country or out of country. They have already told the world they're removing the zeros off of the dinar. So even if you have the old bank notes they already know that a 1,000 dinar is equivalent to 1 new Iraqi dinar. Just because you have it outside of Iraq, you're not going to get special privileges...They automatically do the conversion for you.
Community Comment "An old 1000 dinar will be worth $3.21 x 1000 dinar = $3,210."
No it won't. Not at all. They'll just look at [your 1000 note] and know this is the old currency and you have to exchange it for the new currency and if you don't want the new dinars that fine but they're not going to give you a $3.21 rate time this full amount. They [will] know the re-denomination has already taken place...They'll give you $3.21. That's what you get.
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