As long as the currency auctions are in place the money supply cannot be reduced because part of the currency auction is a balance between dinars and dollars reducing one significantly would cause demand for the other. …the truth is it is not about to RV. Iraq could never RV with 42 + trillion in circulation nor is it how monetary policy works. If the dinar is going to go up in value…It will go up via a float based on Iraq’s prosperity. Iraq has a lot of work to do to recover from this crisis. Iraq needs to pass laws, stabilize the government, and invite foreign investors to come and participate in the private sector. Remember Iraq still needs over 50 billion dollars to rebuild infrastructure.