💢💢💢IQD RV 💢💢💢
📈 How can the FilsCoin affect the future value of the Iraqi dinar?
The key is how the massive and controlled use of the FilsCoin can stabilize and eventually strengthen the dinar (IQD) against the dollar and other foreign currencies. Here's why:
1. actual de-dollarization
Iraq has started limiting the use of the dollar in domestic transactions as of January 2024.
FilsCoin, being 100% pegged to the dinar, incentivizes the population to use IQD digitally, which:
Increases demand and circulation of the dinar,
Decreases pressure on the Central Bank's dollar reserves,
Strengthens the country's monetary sovereignty.
2. Finer control of monetary policy
With FilsCoin, the Central Bank has full insight into the flow of digital money:
It can detect speculation, capital flight or illicit accumulation quickly.
This allows it to respond more nimbly, for example, by changing rates or restricting conversions if it sees suspicious movements.
More control → more trust → better international perception of the IQD.
3. Greater transparency and stability
Transactions in FilsCoin leave a record. This decreases the informal economy, which is one of the great enemies of monetary stability.
As the economy becomes more formalized:
Tax collection increases,
Governance improves,
Strengthens the credibility of the dinar → potential revaluation.
4. Possible revaluation in the medium term
If Iraq manages to stabilize its economy, control inflation, attract foreign investment and keep its trade balance positive (thanks to oil and now more transparent digital trade), the dinar could:
Increase its nominal value against the dollar,
Or even officially reform itself (such as eliminating zeros or relaunching with a new fixed exchange rate).
Eye: this does not mean it will explode in value overnight, but it is a structural and solid path towards a possible revaluation.
