No they said when they do this 1 Dinar will be @ or just above $1 so to have value to the lower denominations (the new currency) they must do the RV at the same time as the redenomination.
They have reduced the salaries as of March 1st and if they do not revalue the Dinar the school teachers in Iraq will make around $1 a month as of March 1st.
So for this to work and for the new budget to work they MUST do the revaluation at the same time.
Disclaimer: Do not buy or sell any stock, currency or commodities based upon this post or any of my post. Please do your own due diligence and the best of luck to all!~
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.