Iraq is doing something different. Iraq isn’t restructuring its currency just to make the numbers smaller. It’s building the infrastructure to increase purchasing power. The redenomination restructures the notes, but the revaluation sets the new rate. These are two separate events but they work together.
You don’t spend a decade modernizing your entire banking system, installing cross border settlement infrastructure, triaging 72 banks and embedding US Treasury officials inside your central bank building …Iraq is building a $17 billion dollar trade corridor all just to keep the same program rate doesn’t really make much sense. That’s the part the “lop” crowd can never answer… : Reset Intelligence
