π₯ Iraq’s Currency Shift: Key Highlights You Need to Know π₯
• The Central Bank of Iraq has confirmed plans to remove the three zeros from the dinar, signaling a future re-denomination of the currency.
• Lower-denomination notes are expected to replace current higher notes—official timelines have not yet been released.
• Frank26 emphasizes that this is not a lop, noting that inflation in Iraq is under 1% and dismissing lop speculation as unrealistic.
• According to the commentary, the WTO’s presence in Iraq is linked to anticipated economic adjustments, including the forthcoming rate change.
(Note: These points reflect the views of the speakers in the provided text.)
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Frank26
[Iraq boots-on-the-ground report]
OMAR:The Central Bank of Iraq has confirmed they're moving forward with the plan of dropping the zeros from their currency. This means they are re-denominating the dinar...They haven't provided a strict timeline yet.
FRANK: Yes they are...They're going to get rid of the 3 zero currency notes and replace them with lower notes. That is the definition of a Re-denominating...All we need is a date for this mountain of promises.
Frank26 People...insist this is a lop...It's so ridiculous. How in the world can somebody think they're going to take the physical currency in their hand, take a pair of scissors and cut the three zeros out?