Ariel
What UAE did with OPEC and what Iraq is about to do along with Iran are not separate incidents but a coordinated progression towards a unified goal for currency revaluation.
Especially after the IMF report that came out requesting that Iraq support their national currency with gold.
(May 1st is shaping up to be a huge historical day for multiple countries.) ... Revaluation Support: A gold-backed dinar can hold a much higher exchange rate without collapsing back down.
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Foreign investors buy local bonds → they need local currency to settle→central bank prints or releases more local units → supply/demand imbalance pushes the currency stronger in the short-to-medium term.
This is textbook revaluation pressure, not fantasy. Vietnam is running this playbook right now. They are flooding international markets with bonds, strong in capital, and watching the Dong strengthen as money floods in. This is not random. It’s coordinated...
Iraq is under the exact same mechanics...When Iraq sells sovereign or reconstruction bonds internationally (already happening quietly through backchannels), foreign capital pours in, forces dinar demand, and compresses any remaining resistance to a strong, tradable rate...