🚨 MNT GOAT: IRAQ’S CURRENCY REFORM – CBI CONTACT REVEALS THE NEXT DIRECTION!
🇮🇶 According to MNT GOAT’s contact within the Central Bank of Iraq (CBI), the strategy is focused on controlling the parallel market before moving forward with the Delete the Zeros project.
💵 NO NEW SERIES OF THREE-ZERO BANKNOTES: MNT GOAT interprets Governor Nizar Nasser Hussein’s clarification as confirmation that printing another series of three-zero notes was never the CBI’s plan.
📉 THE PARALLEL MARKET IS THE PRIORITY: The gap between the official and parallel exchange rates has narrowed from 24% to 9%, following Iraq’s recent exchange-rate adjustment.
🏦 THE NEXT MONETARY STEP: MNT GOAT believes Iraq intends to remove the existing three-zero banknotes and introduce new lower denominations, replacing the current currency structure.
📅 Iraq is still expected to provide further details about its plans for removing the zeros early next year.
🌍 MNT GOAT’S MESSAGE: Controlling the parallel market is a critical step toward currency reform. Iraq is working to establish greater exchange-rate stability before advancing to the next stage.
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