Ripple is transitioning into a banking entity. Iraq cannot execute a revaluation within the existing infrastructure. The conventional SWIFT-based correspondent banking framework operates with significant limitations—it is inherently sluggish, subject to extensive monitoring, and vulnerable to blockade. A revaluation to $1.00 or $3.22+ per dinar would immediately precipitate capital outflows upon entering the traditional system unless movement restrictions are implemented. Ripple’s technological infrastructure provides Iraq with a controlled environment for the initial phase of revaluation. According to this analysis, the postponement until November reflects Iraq’s preparation for the Ripple-OCCT-DTCC infrastructure to become fully operational. The budget submission scheduled for November 13-15 represents the critical juncture at which Iraq’s petroleum-backed assets undergo tokenization on the DTCC’s emerging digital ledger system.
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