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Podcast: My FX Buddies
Episode: Iraq May Be Forced to Change the Dinar Rate – MP Jamal Kochar Warns
Description: Iraqi parliamentarian Jamal Kochar warns that Iraq is facing a link to My FX Buddies Blogserious cash crisis that could eventually force the government to adjust the value of the Iraqi dinar against the US dollar.Despite Iraq holding over $108 billion in currency reserves, Kochar explains that poor budget planning and falling oil prices have created a real liquidity problem. If the situation continues, he says one of the most dangerous options on the table could be changing the Iraqi dinar exchange rate.If you'd like to Support the channel: https://cash.app/$tishwash.... ...