Any movement is awesome! This just proves that the IMF has their hands deep in this.
This movement (loss in value) pushes the IQD closer to IMF compliance! We are so fortunate to witness this movement as Iraq is actually making the necessary changes to their monetary and currency reforms!
The fact that it moved 16 pips is indeed a huge change for all of us! I am most excited! It moved! This also will make the citizens dump their dinars and thus creating less dinar on the streets and keeping speculators at bay, they won’t like this and will act just like dumping bad stocks!
This is actually a brilliant move…and comes on the heels of deleting the zero’s IMO. I don’t think 50 k note will come out! Can’t wait to see what comes next!