Mnt Goat

  In Mnt Goat 

We must all remember that the original reason why they changed out the Saddam notes for the larger 3 zero notes was to combat massive inflation and stabilize the economy. In 2003 it was on the brink of crashing. So now how does it look after almost 17 years of the larger three zero notes? Is it much better than in 2003?  Okay so if you are really a student of Iraqi politics and finance you will learn that  it does not have to be much better, only stable. Stable you say? How can the dinar be stable with the rate changing so much and being devalued?  So maybe the time  have come now to release the lower denominations as the three zero notes have out lived their original purpose? But to turn the currency back on the will still need the oil and gas law.

 

Tags: , /