I got a lot of question about this. So I put together a thread 1-4 to to explain the revalue process. IMF Quote "The total and orderly overhaul of Turkmenistan’s currency system in 2008–09 in many respects serves as a model for other countries." I reviewed others as well 👇 Share
I posted this on Oct 16th. It is the steps for just the revalue part. Also see next post for 1st steps of auditor's and preparations of public education campaign.
E&Y auditors are in Iraq preforming auditing on their banks. 1st step Turkmenistan did was, tested systems by independent auditors to safeguard the integrity of the currency reform, by ensuring correct reporting and accounting of the currency exchange.
Iraq's nation wide two-day curfew on Nov. 20th and 21st for the census, is now a 4 day nation wide curfew. They added 2 days to the nation wide curfew. Nov.20th-23rd.
BTW Kuwait did not have a robust economy. Their economy was distorted by war from Saddam Hussain invasion. Iraq on the other has a functioning economy. See why👇
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