Why is the New IQD Rate same to HCL? Without a revalued Dinar, HCL literally cannot operate. Massive new oil contracts, foreign direct investment, and income distributions between the federal government and Kurdistan are all made possible by the bill. The cost of the transactions is measured in billions of dollars. For investors and local partners, everything is incredibly costly and unstable at 1,300 IQD per $1. Accounting nightmares and operational difficulties result from trillions of dinars for billion-dollar contracts. The math works, trust is restored, and Iraq is able to price oil domestically in a reliable currency with a greater rate plus redenomination. Everything is connected. [Post 1 of 2….stay tuned]
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
