ARIEL
These are the 3 zeroes on the exchange rate they will be deleting.
Which will make 0.00076/0.76.
Not the currency.
Which means if you have 100k once it goes international you would gain only 0.76/76,000 USD/ROI.
So imagine the other examples of 1:1 or higher?
With that said. You have to keep in mind the inflation aspect. In order for Iraq to have a competitive currency they would have to come out with a much higher exchange rate than 1:1 or 1:7 in 2024.
If the exchange rate reaches 1:16 (1 IQD = 16 USD), this implies the IQD has not only regained its historical purchasing power but exceeds it.
For context: 100,000 IQD = $1.6 million USD at 1:16.
Such a rate is unlikely unless Iraq’s economy experiences a massive oil boom, global investment inflow, and complete stabilization.
Now what has Iraq just done with oil?
How many companies are now pouring into Iraq?
Once the RLUSD reaches 1:1 wouldn't that be stabilization? Think about that.
Now imagine those who have 1-3 million IQD.
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