Iraq’s Central Bank just made two major revelations:
link to My FX Buddies Blog💰 Gold reserves have nearly doubled to 170 tons, now representing 20% of the CBI’s total assets.
Support My FX Buddies:https://cash.app/$tishwashhttps://paypal.me/tishwash a FREE transcript at:https://rss.com/podcasts/myfxbuddies💵 Deputy Governor Ammar Khalaf also confirmed Iraq’s intention to remove zeros from the dinar — a move aimed at reducing the burden of large-denomination notes and modernizing the financial system.
At the same time, the CBI reaffirmed there are no plans to float the exchange rate, preserving economic stability while strengthening confidence in Iraq’s currency.
In this episode, we break down what this means for the Iraqi economy, inflation control, and investors watching the dinar story unfold.
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