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Prolotario
@Prolotario1
Iraq’s 2027 budget is written in IQD because that’s the endgame sovereign currency, gold-backed, revalued, black market eliminated.
But you don’t get there overnight. Right now Iraq still runs a dual-currency economy. USD circulates alongside IQD.
The black market exchange rate exists because there’s a gap between the official rate and the street rate. That gap is the problem.
Iraq can’t revalue IQD while the exchange rate is volatile. The peg to gold requires a stable domestic currency first.
USD provides the anchor during the period where IQD is being positioned for revaluation. It’s scaffolding. You build with it, then you remove it.
The 2027 IQD budget assumes a revalued currency, a closed exchange rate gap, and a gold peg. None of that is live yet. USD keeps the lights on in the interim.
The USD is the tool that gets Iraq to the point where the IQD can stand on its own gold-backed, revalued, black market d**d. Once that’s locked in, the USD flows stop because they’re no longer needed.
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Source(s):
• https://x.com/Prolotario1/status/2110201380178727232
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