Mnt Goat [Post 1 of 2] We know about what the TRUE rate of the dinar should currently be based on its assets. The IMF is going to a strict asset-based evaluation of currency values. This is a Basel requirement. So, what has been preventing this revaluation to the TRUE rate of the dinar? …it was mostly the AML [Anti-Money Laundering] issue…i.e. banking reforms… efforts were put on warp speed to complete the AML reforms as acceleration began in early January 2023…
Mnt Goat [Post 2 of 2] …we now get a sense of a real change…a sound transition away from those sanctioned days of Iraq since 1990’s. It is a new Iraq and it is here now…So, it puzzles me as to why the currency also does not NOW reflect this change. But I assure you it will, and it won’t be long until it does…The AML efforts is sprouting great benefits to Iraq and allowing them to move ahead quickly now.