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Ross
@Ross_ptm
The 113T circulating IQD versus “world GDP” argument against revaluation is pure surface-level FUD.
Yes the float is massive.
No, a real reform doesn’t just slap 1:1 on the current paper and call it a day.
Redenomination + note recovery is the control point.
Old notes come in.
Counterfeits, unaccounted c********n cash, and black-market float get filtered or destroyed — you’re already seeing this unfold in real-time with the ongoing c********n cleanup.
CBI decides what actually goes back out under the new rate.
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Physical cash demand is already being deliberately reduced through digital payments, salary cards, and formalization of the economy. The cash float does not have to stay at today’s level.
The overwhelming majority sits inside Iraq — households, businesses, state entities, and the banking system. Foreign “dinar investors” hold a relatively small slice of the total.
Domestic side gets managed with wages, contracts, and the real economy (oil + HCL + FDI).
Iraq is not trying to turn every existing note into a dollar claim against the rest of the world with no supporting reforms.
The sequence the community has been tracking (security consolidation under the new government, HCL, banking cleanup, reserves, digital rails) is what makes a much stronger rate supportable.
The paper gets cleaned and reissued inside that framework.
So the “113T = world GDP” line only works if you assume a static float with no recovery, no new notes, no economic reform, and no distinction between domestic and foreign holdings.
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That is not how any serious currency reform is done.
The process itself changes the denominator.
One thing to keep in mind regarding the Clarity Act….
If it doesn’t pass next week, it wasn’t meant to.
None of this is left to chance.
“Enjoy the show” isn’t just some catch phrase.
I want this year over with.
2025 was redemption.
2026 the reset is beginning to unfold.
2027 were going to start seeing the new reality.
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2028 is unpredictable.
Source(s):
• https://x.com/Ross_ptm/status/2082289548466557302
• https://x.com/Ross_ptm/status/2082295071328928188
• https://x.com/Ross_ptm/status/2082307090165715035
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