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Ross
@Ross_ptm
A Communications Minister commenting on currency redesign, redenomination, and any IQD rate decision is unusual.
That sits with the Central Bank of Iraq (CBI), the Ministry of Finance, and the Cabinet.
Deleting the zeros is a preparatory step signaling the government is willing to touch the currency architecture.
Everything is aligning for the rate adjustment.
The Iran War put Iraq in a pressure cooker, its sink or swim now.
Only a matter of time for Iraq to make its big comeback to the world stage.
40 trillion IQD is material.
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At recent rates around 1,300, that is on the order of $30 billion.
Iraq’s overall money supply has been discussed in the 100 trillion range, with a very high share still held as cash outside the banking system.
Source(s):
• https://x.com/Ross_ptm/status/2088866688028790901
• https://x.com/Ross_ptm/status/2089005710063611998
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