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Podcast: My FX Buddies
Episode: From 1300 to 1400? A New Exchange Rate Plan Emerges
Description: A new proposal is emerging around Iraq’s official exchange rate — and it link to My FX Buddies Blog A Special Editioncould have major budget implications.Financial and economic expert Haider Al-Sheikh says there is a proposal to adjust the official dollar exchange rate against the Iraqi dinar as a way to confront mounting economic pressure and boost state revenues.According to Al-Sheikh, the idea involves raising the official exchange rate from 1,300 dinars per dollar to 1,400, a move that could generate more than one trillion dinars annually for the state treasury from oil revenues. Iraq relies heav...