Question: “What if anything is Iraq doing to reduce the note count…isn’t a reduction of the note count required before a float can occur?” It’s very difficult for Iraq to reduce their money supply due to the current monetary policy. Remember, the currency auctions are a balance between dinars and dollars in order to maintain the exchange rate…Using dinar in international transactions would give them the freedom to unpeg and end auctions. I think the most important thing for Iraq to do is to diversify their economy…