If it were me, I would set the rate high to start and would be a stand alone or sovereign currency. This would allow…the market to adjust the currency as it will. If set high enough, Iraq would be paying off debt at the minimum advantage ratio and as the currency falls in value, it will find its equilibrium and stabilize. This would… maximum value when paying off debts and buying supplies for infrastructure/ imports. Once stabilized, then enter into a basket of currencies with assurance that the value would remain stable for a long time to come. This is logical, economically safe if not conservative, and would allow us to get the max for our investments up front. This is my idea of a win/win scenario. If I can deduce this, rest assured they have already considered it long ago.
