We’re going to compare Iraq’s currency to that of…[the country] Georgia…born on April 9, 1991…I am right on the coast of the Black Sea…This country is less than 36 years old and its currency is part of the global economy. With the help of the IMF and the World Bank, this small country has made economic gains…achieving positive GDP growth and curtailing inflation…$1 is worth about 2.72 Georgian Lari (GEL)...My rent in this new apartment hotel overlooking the Black Sea is less than $500/month…The GEL has been on the Forex market since 1995. It took the country 4 years to join the global economy. This brings us back to Iraq. The Central Bank of Iraq is trying to eliminate the old IQD bank notes and introduce a new digital currency. : Sandy Ingram
