Community Comment: “The skeptics always run into a brick wall when they try to use Iraq’s reserves as an excuse as to why their economy would collapse during a currency revaluation.”
The reserves argument rests on one wrong assumption: that Iraq writes the check to every IQD holder. There are two lines. Iraq funds the swap for its own people at home. International holders get paid outside Iraq, from money that was never part of Iraq’s reserves. The reserves hold the new rate steady. The payout comes from somewhere else. Build your plan on 1:1. Anything above that is a bonus. : Reset Intelligence
