Iraq cannot submit a 2027 budget without a functioning international exchange rate for the dinar. A budget is denominated in dinar revenue projections, oil proceeds, Kurdistan transfers, reconstruction contracts. Without a reinstated rate on the Forex, every figure in that budget is denominated in a currency that cannot clear internationally. It is arithmetic, not speculation: budget submission requires a tradable rate, and the IMF’s sign-off means the institutional obstacle is removed. :Ariel
