Iraqi Dinar Discussion Board

[Mr. Bill]

Good analysis imo - more costs = less counterfeiting

The CBI desires to lower the amount of hard currency in circulation going forward. How will they do this?

So they actually encourage little paper currency in circulation. Eventually they want most of the currency in circulation to be of coinage which is very hard to counterfeit as you need the dies, presses and the precious metals. Thus it is expensive and so why bother. Coinage is heavy and is very hard to smuggle through customs.

This is much different than what you may have heard in the past, as the lower denomination paper notes have been already printed and waiting in the vaults of the banks. But the coins is the waive of the future and this has changed in the plan over the last 4 years that most of us have been watching. I predict for everyday usage of pocket money the ratio will be something like 80% coinage to 20% paper in the near future for small purchases at the marketplace. Larger bills they will simply swipe their Qi cards.

http://www.dinarrecaps.com/our-blog/mnt-goat-friday-post-quick-update-410