This is what I’m learning in North Africa about the Iraqi dinar…The Iraqi dinar is an official currency only for Iraq and the Kurdistan region….Few other countries will accept the IQD…Iran does not officially accept the IQD either. The IQD is not accepted in Afghanistan, Somalia, and obviously not here in Egypt…Until the Central Bank of Iraq releases the currency to float or to be connected to the forex markets, banks will not touch it. But wait, who else had this same scenario, the same problem? Zimbabwe. There has been measurable progress with the Zig, Zimbabwe’s new currency has is backed by gold. It’s not a total complete evolvement yet, but it’s working… Zimbabwe has shown us Iraq’s currency is not totally out the door. There can be changes that can be made to turn it all around and in a short period of time. :Sandy Ingram
