A revaluation is a definable event that occurs when the central bank raises the value.

We all know that a revaluation is a definable event that occurs when the central bank raises the value.  We also know that a redenomination is a definable even that occurs when one currency series is demonetized after being replaced by a new currency series.  But I've never heard anybody define what "going international" means.  They suggest that it means that one day the IQD will suddenly be in circulation around the world for some reason.  Why would that happen?  Well, because it's international of course!  Circular logic.  The fact is currencies are circulated internationally when the country that the currency represents is providing goods and services around the world that create an international demand for their currency.  That's not the case with Iraq.  Nearly 90% of their GDP is based on oil, and oil is sold for US dollars.  The reason the yen is internationally traded is that Japan produces cars, TVs, computers, motorcycles, and thousands of other things that the world wants.  It's not because the central bank of Japan or the IMF just decreed one day that it is now international.  Iraq's currency will become international when they are producing things (other than oil) that the world wants and is willing to obtain it in order to purchase.  That means they have to build new industries to manufacture products that are in demand, or produce tens of thousands of computer programmers like India does.  That's going to take a few decades at least, and by that time most of us will have long forgotten about the dinar.