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🔍 Iraq Currency Insider Talk: Zero Drop, Basket Peg & Real Rate Incoming! 💸🇮🇶
From boots on the ground, here’s the scoop:
Omar says zeros will be dropped, and lower notes introduced, coexisting with the 3-zero notes at the same rate 🔢➡️💵.
The dinar will be pegged to a currency basket — this means the real rate emerges not tied directly to the dollar, but reflecting a true value 💹⚖️.
Frank explains this is an RI (revaluation in basket) followed by an RV, pushing the dinar’s rate possibly up to $3.22 or capped at $4.25 🚀📈.
Firefly shares from Deputy Governor Khalaf: no plan to float the dinar exchange rate, meaning the dinar won’t move freely against the dollar but will find value through the basket system 🛑💱.
Bottom line? The dinar reset might come without a float, settling at a solid new rate reflecting true economic strength — not just a dollar peg. Big moves ahead! 🌍💥
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