The IQD revalue…may finally happen…The development road project is no secret…the DRP will bring massive new money into Iraq. There will be higher national revenue, more foreign currency coming into the central bank than ever before. There will be stronger reserves to support a stronger dinar…The DRP will create long-term economic stability…outside the oil industry. That is the one major complaint the IMF had over Iraq increasing the value of its currency…Here’s the kicker, the foreign companies will need Iraqi dinar to do business inside Iraq…Companies will spend in the IQD. More demand for dinar equals higher value in the dinar. This simple supply-demand rule is one of the easiest ways for Iraq to strengthen its currency without changing anything politically.
