Iraq to Celebrate First Independence Day October 03, 2023
This video by Militiaman on YouTube is chock full of information, and I still need to go back and watch this video a second time with fewer distractions than the first time through it. That having been said, there are a couple of big topics at play here. One is the one mentioned in the title, that Iraq has declared a national holiday for October 03, 2023, which has been designated the first-ever Iraqi Independence Day. On its own, this isn't necessarily a major announcement with respect to the future of Iraq's currency, the dinar, and its respective exchange rate with the other major sovereign currencies of the world.
The other side of this video explores the news that moving forward, all transactions within Iraq will be settled in the country's native currency, the dinar.
I don't want to misspeak so I'm going to refrain from speculating over the ramifications of the news announced in this video until such time as I've had a chance to watch it again, however, there is certainly a lot of smoke right now involving the Iraqi dinar. For Iraqi dinar holders, this is certainly an exciting time, and we will update this post accordingly and/or replace it with new information as it arrives. This is not a confirmation that a major change to the exchange rate is coming, and for now we will continue conducting business as usual until further notice. This post is not financial advice, and all products sold by Egan Store / Egan Shop are sold exclusively as collectible items and not as money or currency.
Without further adieu...
Iraqi Independence Day + Financial News:
