Iraqi Dinar News, RV & Investment in Iraq – Taxation and Possible New Rates, 23 SEPT

 Iraqi Dinar News, RV & Investment in Iraq – Taxation and Possible New Rates

A meeting took place between the Central Bank of Iraq (CBI) and several private banks on the past Monday and Tuesday, focusing on discussions around ATMs and what has been termed as the “new currency”.

It is crucial to note that neither the lower denominations nor the LDs have ever been referred to in such a manner previously; they have always been termed distinctly.

This terminology clearly implies that the CBI is conveying to the public that this “new currency” is not the older series of notes that had three zeros, but rather, it is a note of lower value.

This communication reveals significant insight into the CBI’s current stance and the evolving landscape of currency denominations within the region.

A recent article highlights Austria’s optimistic outlook on Iraq, citing, “Austria sees opportunities as Iraq returns to stability.”

This comes amidst debates and speculations on Iraq’s readiness to return to currency, given the prevailing conditions in the country.

The pertinent question arises – Why would foreign countries, including Austria, show interest in investing in Iraq if it isn’t truly stable?

The signs of Iraq’s emerging stability and the ensuing international interest are becoming increasingly evident.

FROM DINAR IRAQ & DONG VIETNAM