Mnt Goat
Another major step to fully globalizing Iraq is in the article titled “IRAQ MOVES TOWARDS GLOBALIZATION ...IMPLEMENTATION OF INTERNATIONAL ACCOUNTING STANDARDS BEGINS IN 2026”.
...in my eyes this is not going to trigger the RV but is certainly a right step in the direction we want.
Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate.
Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming...