The rate change is not a prerequisite for budget authorization, but rather a result of it.The trigger is the budget. It leads to everything else. The Real Operational Order: 1. The 2027 budget with redenomination wording is approved by the Council of Ministers. 2. It is ratified by Parliament. 3. In accordance with the Tier 1 asset structure, the CBI implements the rate adjustment by eliminating three zeros and establishing a new peg, most likely to USD or gold. 4. Article VIII compliance is confirmed by the IMF. 5. International Forex platforms launch IQD. 6. Banks start using the new exchange rate.
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