Telecom Minister claims dinar redenomination finalized, drawing criticism
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Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized.
Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.
However, the
Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.
However, the
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