The decision to invest in the Iraqi dinar in 2024 stemmed from a thorough analysis of the significant reforms occurring within Iraq’s banking sector. My previous experience with Rafidain Bank, which I regulated around 2017 and 2018, revealed a financial institution in a state of disrepair, characterized by outdated practices such as a rudimentary ledger system resembling a mere notebook for recording transactions. This firsthand exposure to the central bank’s challenges highlighted the urgent need for modernization. However, the landscape has dramatically changed since then, with numerous reforms implemented to enhance the banking system’s efficiency and compliance. In 2024, discussions regarding the central bank’s path to compliance further solidified my belief in the dinar’s potential for revaluation. [Post 1 of 2….stay tuned]
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