Guy

The citizens are waiting for movement from their government.  They’ve been promised this-and-that-and-the other for the last 25 years.  They want to see movement.  A lot of them have their physical currency stuffed in their mattresses.  The average Iraqi adult has multiple millions of dinars. They don’t trust the banking system to bring them in right now.  But when Al-Zaidi rolls out all his new reforms and…the governor of the central bank announces the new exchange rate, it’s pretty clear you’re going to see a flood of currency notes coming into Iraq banks… :Guy