FRANK26 & OMAR: šŸ”„ Iraq’s Currency Shift: Key Highlights You Need to Know šŸ”„

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šŸ”„Ā Iraq’s Currency Shift: Key Highlights You Need to KnowĀ šŸ”„

• The Central Bank of Iraq has confirmed plans toĀ remove the three zerosĀ from the dinar, signaling a futureĀ re-denominationĀ of the currency.


• Lower-denomination notes are expected to replace current higher notes—official timelines have not yet been released.
• Frank26 emphasizes that this isĀ not a lop, noting that inflation in Iraq is under 1% and dismissing lop speculation as unrealistic.


• According to the commentary, the WTO’s presence in Iraq is linked to anticipated economic adjustments, including the forthcoming rate change.

(Note: These points reflect the views of the speakers in the provided text.)


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Frank26Ā Ā 

Ā [Iraq boots-on-the-ground report]Ā  Ā 

Ā OMAR:The Central Bank of Iraq has confirmed they're moving forward with the plan of dropping the zeros from their currency.Ā  This means they are re-denominating the dinar...They haven't provided a strict timeline yet.

Ā  FRANK:Ā  Yes they are...They're going to get rid of the 3 zero currency notes and replace them with lower notes.Ā  That is the definition of a Re-denominating...All we need is a date for this mountain of promises.

Frank26Ā Ā People...insist this is a lop...It's so ridiculous.Ā Ā How in the world can somebody think they'reĀ going to take the physical currency in their hand, take a pair of scissors and cut the three zeros out?Ā 


Ā A lop is when you addĀ zeros to the exchange rate...To say the word lop is beyond stupid ... Inflation is less than 1%.Ā Where in the world does a lop comeĀ into the conversation?Ā 

Frank26Ā Ā Why do you think the WTO was in your country Iraqi citizens?Ā 

Ā Because they know that the rate is about to come out.Ā  That's the only way the borders can be protected with the WTO.
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