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Prolotario
@Prolotario1
September 15th: Clarity Act Senate Vote (Passage vs Baggage)
THE REVALUATION CASCADE
Iraq has been operating under an artificially suppressed exchange rate since 2003. The dinar was deliberately pegged low 1,470 to the dollar under the program rate set by the Coalition Provisional Authority and maintained by the Central Bank of Iraq under IMF pressure.
Iraq’s currency was low not because Iraq is poor. Iraq is sitting on proven oil reserves of 145 billion barrels, 9% of global supply. Add natural gas, phosphates, sulfur, gold deposits in the northern provinces. The country’s GDP per capita on a purchasing power parity basis is already mid-tier. The currency does not reflect the asset base. That was the design.
When the US troops complete their withdrawal by September 30 and PM Ali al-Zaidi has been crystal clear, full sovereignty, no extensions, no residual force, no “adviser” loophole Iraq regains control of its own monetary policy.
The 2027 budget, which is being presented now, is structured around a new program rate. Not the old one. The new one reflects Iraq’s actual resource-backed valuation.
The dinar redenominates. Not “revalues” in the dinar-bro YouTube sense actually redenominates under a new ISO-4217 compliant framework tied to the asset-backed tokenization standard. The new Iraqi dinar clears on a distributed ledger.
Every holder of the old dinar who has physical notes registered in a recognized account gets exchanged at the new rate. The margin between the suppressed program rate and the sovereign rate is where the overnight wealth lives.
Read Full Article:
https://www.patreon.com/Prolotario1/posts/september-15th-169288152
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