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Thread: ATM Machines

  1. #1
    Supporter and Investor!
    Join Date
    Aug 2004

    ATM Machines

    There has been some talk about lower denominations loaded in ATM machines. Many seem to think that if/when an RV occurs they will need these lower notes to make daily transactions. I am not disputing this thought, seems logical. But some have said the ATM machines are loaded with smaller denominations.

    I contacted someone yesterday in Baghdad and asked if there were lower notes being dispersed from the ATM machines during a transaction. Here is his reply.

    Yes the smallest note is 250 IQD there are no lower than this note but the ATM machine have been loaded with lower denomination 5000 IQD.

    Just passing that info along.

  2. #2
    Supporter and Investor!
    Join Date
    Apr 2007
    Would it matter if they were?

    25 and 25000 are both worth $25 etc.

    250 would be worth 0.25 or just be removed.

    The RV is a myth and the ISX doesn't seem like it's going to be much better.

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