EXCERPTS FROM MNT GOAT
Then the news media from Iraq tells us about the “cash center” that recently opened in Karkh.
It is used solely for the intake of the three zero dinar notes or dollars.
Folks they are already sucking in the three zero notes.
What more do you want? It’s mid-October already just 14 days to the US elections. With the electronic banking and the reorganization of the banks, the citizens seem to have regained confidence in their banking system.
The reason why they had to open this new cash only center, according to my CBI contact, is that there was a huge response to ditch these three zero notes before they may become obsoleted and the lower notes replace them. Citizens remember what happened in 2004, when they had to turn in their Saddam Hussien notes by a deadline.
Many people got stuck with these notes, as they forgot or did not trust the banks.
They lost millions when the deadline came and they were obsoleted/voided. The CBI has not yet announced a deadline but still the citizens remember what happened back 20 years ago. So in reality, unofficially, the process of deleting the zeros has already begun. Yes, it is underway according to my CBI contact.
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