11-30-2013 Newshound Guru Adam Montana

11-30-2013   Newshound Guru Adam Montana   [I'm very confused about Iraq coming out with a Brand New Currency rumor. Not the Currency that we hold. Now, if they come out with a Brand New Currency are we going to be screwed?]  That's a normal occurrence when a country makes a major change to their currency. Standard procedure is to change the exchange rate, redenominate, and institute a time frame in which everyone must trade old bills for new. After that time frame, the old bills are no longer valid currency. There's nothing bad about that.