๐ Iraq Currency Insider Talk: Zero Drop, Basket Peg & Real Rate Incoming! ๐ธ๐ฎ๐ถ
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 ๐ข➡️๐ต.
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 ๐น⚖️.
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 ๐๐.
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 ๐๐ฑ.
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! ๐๐ฅ
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