Very encouraging fact that Iraq is going to such extreme lengths to educate their citizens, even their youth, on preparing for massive economic inclusion.
Remember, they are expecting their financial windfall to come, and it’s not only from their increase in the IQD international exchange rate. But the citizens also will receive monetary stipends coming from sales from oil. This is a very exciting time for Iraq!! I’m super happy for them!!
Also, let’s remember the fact how Al Sudani had educated Iraqis on the fact that their currency shall be much more valuable than the USD, therefore more desirable to hold. They’ve been given Q cards and moved to a digital banking system and highly encouraged to utilize the banking system to prepare them for this transition.
Prior to these educational efforts, 70% of Iraq citizens had never used a bank. Now, currently, only 20% – 30% are still transitioning over and are learning the benefit of getting away from USD. Using IQD is required inside country borders. The progress they’ve made has been fantastic.
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