Ema although much of this makes in logic sense the majority of analysts saw the Dinar prewar only actually worth about 1.50. Now I like your scenario better, but the reality of it will fall back on fair market value. Saddam had the Dinar overpriced so to say. I think the 1.50 mark is reasonable to start having it float to a possible higher level. I still believe that even though they will eliminate the higher notes they will do as you have said and remove them gradually so if 1 iqd = 1usd then 25k IQD note would equal 25k usd. Good post though. Your teacher seems to know a little, but a lot of it is still speculation.