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Can Iraq revalue the dinar

Updated: 9/14/2023
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Wiki User

9y ago

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no way

It was globally known that Iraq announced the revaluation of its currency soon. This is merely possible indeed. With the fact that they hold the largest oil industry in the world, there is really truth with that proclamation. It is still evident that customer satisfaction is the best way to handle a business-at least for Dinar Currency. I hope it will help others.

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9y ago
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9y ago

Can they? -- Yes. Any country CAN revalue its currency. That's not difficult (save from a managerial perspective).

Will Iraq revalue the dinar? -- No. Iraq has a shaky economy as is and is dealing with the fight of its life against the Islamic State. Revaluing the currency is as far on its back-burner as it would be possible to be.

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