The rate change is a consequence of budget authorization, not a precondition for it…The budget is the trigger. Everything else follows from it… The Actual Order of Operations: 1. Council of Ministers approves the 2027 budget with redenomination language. 2. Parliament ratifies it. 3. CBI executes the rate change (deleting three zeros, setting the new peg — likely to USD or gold per the Tier 1 asset framework). 4. IMF confirms Article VIII compliance. 5. IQD goes live on international Forex platforms. 6. Banks begin exchanging at the new rate. Ariel
