The new 1520 is to help control or get rid of the parallel market, something that the IMF has consulted with Iraq just recently on again. But why did the IMF come out now at this time and recommend this action of a devaluation of the dinar? This devaluation is not loss hope for us and the reinstatement. Actually, it is a bright side if your glass is half full...There are…basic reasons…1) An attempt to create revenue out of thin air by devaluing the dinar since Iraq had lost nearly $60 billion from when the closing of the Strait of Hormuz…2) Trying to prepare for the removing of the zeros just as they said would most likely begin in the first quarter of 2027…3) The CBI wants to collect these stashes of cash outside the banking system while executing the project to delete the zeros… [Post 1 of 2….stay tuned]
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion