"The draft law submitted to the Council of Ministers stressed that the central bank holds in its several steps, including changing the structure of the Iraqi currency....."
The above quote from the last article Miske posted sure goes right along with the current value of the dinar. Shabibi has always said it was going to be a slow process, contrary to others beliefs.
"Central bank holds in its several steps" is the key. The dinar is revaluing slowly, which is step one. Once the dinar gets to the proper value, then Shabibi will introduce the lower denominations into Iraq, which is step two. Step three will be removal of the USD from the market place, but that will not be achieved until the dinar is at par value with the USD.
This process very well could take 2 years to complete, but it could also happen overnight, no one will know, but when it happens it will happen all at once. What I mean by this is if Shabibi decides the time is right, he could RV at the 1 to 1 par rate with the USD, release the lower denominations to buy the USD out of the market of Iraq all at once.
Hope this helps and take all intel with a grain of salt, including mine, as all are speculating and trying to second guess the process.
Thank you Miskebam for the article.