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SandyF - No Redenomination Anytime Soon! 11/26/18

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SandyF - No Redenomination Anytime Soon! 11/26/18

Post  Ssmith on Tue Nov 27, 2018 9:12 am

Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country.



It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination.
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