MNT GOAT: ⏳ STATUS OF THE RV: Iraq’s Race Against Time & Financial Transformation, PART. 3🚀💰

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MNT GOAT: ⏳ STATUS OF THE RV: Iraq’s Race Against Time & Financial Transformation, PART. 3 🚀💰

Highlights & Key Takeaways from the 2024 CBI Article “AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR…” 🇮🇶✨

🔥 1. Continuous Review of Deletion of Zeros Project

The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Alaq, confirmed that the project to remove zeros from the Iraqi dinar is under constant study and review.
This is a critical step to simplify financial transactions and revalue the currency by removing inflationary zeros, making the dinar appear more stable and trustworthy. 💹💵

🌍 2. Reducing Dependence on the US Dollar

The CBI has actively worked to reduce Iraq’s reliance on the US dollar in commercial transactions.
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New banking mechanisms now allow operations using alternative currencies such as the Chinese yuan, Indian rupee, euro, and UAE dirham. This diversification helps stabilize the dinar and reduce pressure on the exchange rate caused by excess liquidity. 💱💪

🏦 3. Strengthening Financial Reserves & Stability

To fortify Iraq’s economy, the CBI has increased its
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foreign currency and gold reserves significantly.
These reserves act as a financial buffer, protecting Iraq from global economic shocks and preparing for currency reforms. This move increases investor confidence and economic resilience. 🛡️💰

📉 4. Addressing Currency Value & Black Market Gap

Al-Alaq revealed ongoing efforts to reduce the discrepancy between the official dinar exchange rate and black market prices.
Narrowing this gap is essential to building trust in the official currency , enabling a smoother transition for the redenomination and future revaluation. ⚖️📊

🔗 5. Redenomination and Revaluation: Two Sides of the Same Coin

This article confirms what many insiders have said: the Project to Delete Zeros (redenomination) and the Revaluation (RV) are interconnected events.
Deleting zeros sets the stage for a more attractive and stable currency that can be internationally reinstated and revalued.
The CBI’s steady preparation suggests both processes are moving closer to reality. 🕰️🔄

📅 6. Why September Could Be a Game-Changer

The article was from September 23, 2024, and history shows many currency-related announcements or actions in Iraq tend to happen around September.
Sources suggest that September 2025 may finally be the time the CBI officially launches the Project to Delete Zeros after years of delay and preparation.
This timing aligns with Iraq’s improved financial position and international cooperation efforts. 📆🚀

🧐 7. What This Means for Investors & Iraq’s Future

Iraq is laying a solid foundation for a major financial transformation: currency stability, reserve strength, and diversification.
If the Project to Delete Zeros moves forward, it will unlock the door to the dinar’s revaluation and possibly lead to the long-anticipated reinstatement on international currency markets.
This would be a huge milestone for Iraq’s economy and a lucrative opportunity for investors, especially US companies looking to enter this emerging market. 💼🌟

Summary:

The CBI’s 2024 outlook reveals a cautious but determined strategy to prepare Iraq’s financial system for a historic redenomination and revaluation of the Iraqi dinar. The groundwork — reducing dollar reliance, building reserves, and addressing inflation perceptions — is in place. The coming months, especially this September, might finally bring concrete moves on the Project to Delete Zeros, making this one of the most critical moments in Iraq’s economic rebirth.