Iraq is currently operating on a budget fit for a pauper, even though by rights Iraq should be one of the wealthiest nations in the world. Iraq has, in the past, operated on budgets and status befitting their actual situation – that situation being one of the wealthiest nations in the world. The People who hold physical Dinar simply benefit from the increase in value, just like we will. A new printed currency comes out within weeks or even days of the rate change, and we’re all aware that the new notes are ready to be printed, if not already printed and being held for distribution.
Iraq is currently in the final stages of preparation to return to their previous status in the world. They are not a country that has been in poverty for centuries…they are barely over a decade into their current situation. They have had a short setback in their financial situation, but at their core they are a rich country and this is not a huge mental shift for them to return to prosperity. The budget, in my opinion, is not something that will hold them back. A few strokes of the pen and some clicks of a mouse and the Budget is adjusted.