Throughout the years, discussions regarding the removal of zeros have predominantly come from Iraqi economists sharing their insights. However, this marks the first instance in a considerable time, if not ever, where Iraq’s Minister of Communications has officially confirmed that a decision has been made to alter the currency by eliminating the zeros. To clarify, this does not imply a revaluation will occur tonight, but it does suggest that it will happen very soon. I have been unable to locate this article or any similar reports. This is significant… We are hearing from a credible government official… Iraq is unlikely to disclose their plans regarding currency revaluation… Nonetheless, this is an extremely important development… For those investing in the Iraqi dinar, it is hard to see how you wouldn’t feel excitement upon reading this news… [Post 2 of 2]
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