So why is this situation somewhat ironic? People buy small notes for a variety of reasons but years ago there were rumors that large notes may be taken out of circulation and would need to be swapped out. The rumors surrounded mainly the 25,000 note but also in some instances the 10,000 notes as well.
|Iraqi Dinar 50 Notes Being Removed?|
The irony is that people who bought 50 notes to protect against having their notes called back are finding that by doing so they are still finding themselves in that very same situation and would have been better off buying 25,000 notes.
To date however concrete or from credible sources has really come out about if the 50 notes really are being called back and if so will they just stop printing them and allow them to retain the value or will they call them back and make them worthless if not swapped out at an Iraqi bank by March? Only time will tell. Stay tuned and check back for updates on this breaking situation.