The next two steps in the monetary reform process are scheduled for IMO September. The first is redenomination with the introduction of lower denomination notes, and the second is reinstatement, which will result in a revaluation through an international float basket based on supply and demand of the global market at any time after January 1st. The first portion, in my opinion, will cost around $1.30 within Iraq. The $1.30 will then be converted to the real effective exchange rate (REER) of $3.22, or around $4.25, for those of us investors who bought Iraqi currency.We’re getting closer and closer.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
