Before you tell me $83 billion [in Iraq’s Reserves] is not enough to back a reval, you need to understand the structure. Foreign IQD holders are not part of Iraq’s in-country process. The international side settles off-soil, through the Tier 1 banking layer…Not out of Baghdad’s vault. Iraq’s reserve backs Iraq’s dinar at home. The foreign redemption draws on a different pool…We cannot confirm it until it happens. But that is the structure contacts close to this describe. :Reset Intelligence
