______________________________________________________
Prolotario
@Prolotario1
Positioning Assets For Broader Operational Objectives: (Part 2)
Section II: Iraq’s Currency Reset As The Gateway
Iraq’s Central Bank, located at Rashid Street, Baghdad, under Governor Ali Mohsen Ismail Al-Alaq, has been executing the Deletion of Three Zeros project in coordination with the International Monetary Fund’s Middle East Technical Assistance Center.
The mechanics are straightforward on paper. The current 25,000 dinar note gets replaced by a 25 new dinar note with equivalent purchasing power. The exchange rate adjusts from approximately 1,310 IQD per USD to a projected range between 1.00 and 3.22 new IQD per USD depending on which internal CBI projection you access.
The WTO accession timeline is critical. Iraq’s Working Party at the WTO, chaired out of the Centre William Rappard, 154 Rue de Lausanne, 1211 Geneva, has been finalizing tariff schedules and trade facilitation agreements through 2026.
The ASYCUDA system (Automated System for Customs Data) developed by UNCTAD in Geneva digitizes Iraq’s entire customs apparatus allowing real-time duty collection, import/export documentation, and cross-border settlement. When Iraq enters the WTO as a full member with ASYCUDA operational its trade settlements need a currency that functions at international par value.
You cannot settle WTO-compliant trade with a currency carrying three phantom zeros. The redenomination is a prerequisite for accession not a reward after it.
How Iraq Opens The Door For Other Currencies:
Iraq becomes the proof of concept. Once a resource-rich sovereign successfully redenominates, digitizes, and integrates into Clarity Act-compliant settlement rails while simultaneously gaining WTO membership, the template exists for replication.
The currencies positioned behind Iraq in the queue based on IMF Article IV consultation patterns and central bank digital currency pilot programs include:
Vietnamese Dong (VND) — Currently approximately 25,400 VND per USD. Vietnam’s State Bank has been running CBDC pilots since 2024 and has the same three-zero problem Iraq has. Manufacturing export powerhouse with tangible GDP backing.
Advertisement
______________________________________________________
Read Full Article:
https://www.patreon.com/Prolotario1/posts/positioning-for-165258301
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
