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Podcast: My FX Buddies
Episode: Iraq Begins Harsh “White Paper” Reforms — Dollar Up, Salaries Down, Subsidies Cut 😳💸
Description: Iraq has officially begun implementing the IMF-backed White link to My FX Buddies Blog Paper reforms, a move that economists warn will bring major social and financial pressure, especially on low- and middle-income citizens.Economist Nabil Al-Marsoumi explains that the White Paper is not just a plan — it is already underway, and we are seeing the early signs:📈 Rising dollar exchange rate💰 Salary reductions & hiring freezes🛒 Cuts to food subsidies and ration support🏭 Privatization of state-owned enterprises⚡ Energy and fuel price increases📉 Removal of g...