Why hasn’t Iraq redenominated earlier?” Because first of all, it was very corrupt…A lot of these politicians had a lot of the Iraqi dinar stolen so they didn’t want it to redenominate just like they don’t want it to redenominate now. Don’t be surprised if the Coordinated Framework jumps up or other Iraqi politicians try to fight a redenomination because all the currency they have in-country and out-of-country would all of a sudden become obsolete, no good. Are they going to be able to exchange that? No. How are you going to bring in trillions of dollars worth of Iraq dinar and explain to the people where the hell you got that money from? They would be arrested…That’s why they haven’t done it sooner …Not to mention their relationship with Iran. Iran had sanctions and so they ran a lot of money through Iraq. Pimpy
