That swap at home [in Iraq] is one door, and it was built for one crowd: the trillions of dinar sitting in Iraqi mattresses, market stalls and shop tills…It cleans the circulation, pays nobody a premium, and was never meant to…A foreign holder was never in that queue. Your notes sit on a different line entirely…A banknote is bearer paper… payable to the face of the note…When the redemption side of this event runs, 3-zero notes held abroad are honored at face value, priced at the revaluation rate…and settled through the international banking layer rather than through a teller window in Baghdad or the CBI… the exchange that reaches a holder abroad is the revaluation, not the zeros. Reset Intelligence [Post 2 of 2]
