Why hasn’t Iraq redenominated sooner? The primary reason is widespread corruption. Many politicians have embezzled significant amounts of Iraqi dinar, which makes them resistant to redenomination, just as they are today. It wouldn’t be surprising if the Coordinated Framework or other Iraqi politicians oppose a redenomination, as it would render all their currency, both domestically and internationally, worthless. Would they be able to exchange that currency? No. How could they possibly account for trillions of dollars in Iraqi dinar and explain to the public where that money originated? They would likely face arrest. This is why they have delayed the process. Additionally, their relationship with Iran complicates matters; due to sanctions, Iran has funneled a considerable amount of money through Iraq.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
