The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies…First, we need to see the project to delete the zeros...There is a process involved…the beginning of the fiscal year is the most opportune time for the CBI to conduct this process…the first step being to kick off the process with the project to delete the zeros. Then the CBI monitors or watches for inflation (how long we don’t know and even the CBI does not know) and if all went well within Iraq they would then decide or decline to go to FOREX and reinstate the dinar. To ensure the crash of the Iraqi dinar does not happen upon the reinstatement, they are pursuing (have pursued) all avenues to beef up the dinar and support the new coming rate. …we all should be very happy this is taking place and witnessing it right in front of our noses.
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