There is no revalue, only a gradual appreciation over time.
This event is not specifically about the dinar, it’s about creating a sound stable banking system and as a result an investment climate for global investors to rebuilt Iraq.
Getting Iraq’s banking system into Article VIII is the key…
Here is a quote direct from the IMF…
“Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”
