Time will tell if the free market economy is a flop or not. In either case (investment or not) there will be no overnight “RV or RI” of the dinar. What we can expect is similar to Egypt..which is a gradual increase (8-15% a year) via a float. But only if investment comes and creates pressure on the banking system.
QFS (Quantum Financial System)
The Gold-backed Financial System will transition to the QFS which will phase out currencies and provide a Universal Digital Credit System.
This Universal Digital Credit System will be used to purchase things that can’t be replicated with technology such as luxuries and property.
Going back to 2014 the CBI made it very clear that until Iraq achieved political stability they would not change the rate or delete the zeroes… Now let’s fast forward to 2019…at the beginning of ’19 they did not start working on the formation of the government, they went straight into setting the stage. At the beginning of ’19 they told us that in the budget they would have monies for HCL,
They have, in fact…completed, all necessary line items to enact/implement their RD/ RV/ RI.
The World Bank is telling Iraq they are at a red line in spending on the budget calling for them to activate the private sector. One of the best performing currencies is the Egyptian pound with a 6.5% increase last period. We can only hope the Dinar performs better once they begin the float. Hopefully there’s enough pressure on them to make the changes that are needed over the next few months.
In April 2012, the COM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar’s value slightly less than $1. It is currently worth less than one-thenth of a cent.” This report is from page 84 of the massive SIGR report (Special Inspector General for the Reconstruction of Iraq. THIS REPORT WAS SENT TO THE UNITED STATES CONGRESS. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.