My Saturday call to Iraq: My contact…told me…the project to remove the zeros…is still targeted for December, be patient and instructions are ready to be posted in the news on how to conduct the swap out. Article: “Iraq is set to implement a new currency mechanism on December 1, 2025” Quote: “…includes the introduction of a central bank digital currency (CBDC) and a redenomination plan.” …the CBI intends to being [begin ?] the redenomination plan or remove the zeros. This means to replace the larger three zero notes with the lower denominations… When this occurs we know the IQD rate will be about 75 cents in-country until they collected what notes they need to collect.
