Article: “Central Iraq” supports the currency delete the “zeros” dinar”
Kap’s right Iraq can reform the currency without moving to Article VIII.
I will add though, it will not be a successful currency reform without Article VIII.
Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that’s terrible.
It’s just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1.
If the dinar had any intrinsic value that supported it without the peg to the dollar and the auctions, we wouldn’t have the street rate, or MCP, like we have today.
Again, it’s just an opinion.
