Iraq, a nation that just placed an order for 7.5 billion new notes, has ceased issuing the previous ones.This is how a genuine exchange operates. The way an exchange operates is by rendering the old paper useless and making the new paper worthwhile. The first half is governed by the state through rationing and deadlines. Now that [atm] machines have been limited, [payment] trucks have been halted, and wages have been redirected [on electronic rails], you are witnessing that half run. There is only one announcement in the second half. There is nothing except stillness from the [central] bank between the two parts. This week sounds like that quiet.
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