New Iraq Currency

A new Iraq currency has been planned by Central Bank of Iraq (CBI). CBI Governor, Sinan al-Shabibi in his interview with Al-Sabaah claims that the new currency’s attributes will make it ‘difficult’ to falsify. The Central Bank and the Finance Committee in the House of Representatives agreed to hold further meetings to finalize discussions on the project. The central bank is determined to raise three zeroes from the of the new Iraqi currency and presented its project to the government and the House of Representatives. Deleting three zeros from the Iraqi currency will raise its value, and increase the purchasing power of citizens. Iraq has 30 trillion dinars in circulation and the project would bring liquidity to 30 billion.

Haven't you heard that Iraqi Dinar revalue soon? It has been all over news and everyone is buying Iraq Dinar stock. Iraqi Budget already approved by Parliament, does this clear the way for the Iraq Dinar to RV drastically & quickly? Its a little bit hard to find Iraq Dinar now since the news come out.

Source: http://goo.gl/B3WwJ

Iraq is recovering after years of war and sanctions and oil still dominates the economy, accounting for 95 per cent of government revenues. Investors complain Iraq's still heavily centralized economy is mired in red tape and bureaucracy, and transactions are still often carried out in cash. Planning and the preparation for reform was complete and the proposal would be handed to the government in the next month. It would also need parliamentary approval.

Source: http://goo.gl/S506o

Iraq stock exchange is ready and they're in a process to start a global stock exchange. If their currency are accepted by Global market, we can most probably see a RV (revaluations). RV will happen sooner or later.

Source: http://goo.gl/TLnj1