Iraqi Dinar Discussion Board

[Aerospace]

Warka accounts will lop also.
All Iraq dinar denominated accounts will lop 3 zeros when this is implemented.

Bonus of having a Warka, or any other Iraqi bank account.
You don't have to worry about the physical exchange of currency.
It will be done for free.
Cash holders will have to deal with selling on e-bay, or selling back to a dealer. They will have to PAY for an exchange... and if the exchange period is short, they might get stuck with worthless paper.

Warka downside... like others have pointed out. You're trusting your money to an Iraqi bank. Who knows if they can be trusted.
My guess... a lot of people have sent money over there. When the lop is announced, a large percentage of those people will probably want their money back. Warka might/probably will have some type of policy to ease the pain of that for them. They probably aren't going to just send everyones entire account back to them all at the same time.