Iraq is not impoverished. It is a powerhouse in oil. 147 billion barrels, the fifth-largest proven reserves on the planet. lowest production expenses in the world. The CBI is still holding $100 billion in foreign reserves. Iraq’s true wealth (oil in the ground plus reserves) is enormous (but trapped), hence it cannot continue borrowing indefinitely. Unlocking the riches is the key to the revaluation. The clean break—IQD revaluation to actual asset-backed levels rather than the artificially low rate associated with the previous model—is justified by this catastrophe.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
