[Could they give the citizens more purchasing power without going international immediately?]
The only way you or I or an Iraqi citizen can receive more purchasing power is for the costs of goods to decrease…go down in price…because Iraq imports 90% of their goods, an increase in the international value…will bring those prices down.
However, the IMF must give its “Good House Keeping Seal of Approval” which is Article 8 first.
Without it the world’s financial institutions would probable avoid it. There are many changes happening now monetarily in Iraq but IMO,
as soon as the IMF offers the CBI Article 8, the CBI will make the jump and with it we will start to see the true value of the IQD appear outside of Iraq.