Sandy Ingram
There is a significant difference between Germany's recovery which took 5 years [after WWII] and Iraq's recovery which we are still waiting on 20 years later. After, WWII Germany's currency faced a significant crisis.
The war had devastated the country's economy, leading to hyperinflation and the collapse of the Reichsmark...In 1948, three years after the war, the countries overseeing post-war Germany introduced a new currency, the Deutsche Mark...
This new currency helped eliminate the black market and incentivize people to engage in legitimate economic activities. The currency reform is often credited with laying the groundwork for Germany's economic recovery...during the 1950's.
This transformation turned West Germany into one of the leading economies in Europe, demonstrating the critical role currency reform played in it's post-war rebuilding