Mnt Goat
The below message recently comes up on this site [xe] when you inquire about the IQD. It says “Notice IQD may be redenominated”.
This redenomination is the newer lower denominations we have been waiting for. Yes, they will have to execute the Project to Delete the Zeros.
We know that the CBI must also raise the rate of the dinar at par or just over a dollar within country to get this project started and create incentives to turn in the dollars.
This is really the final push to de-dollarize Iraq. The CBI still needs to break this parallel market. As long as the dinar is much lower than the dollar this issue will linger.
