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Podcast: My FX Buddies
Episode: Saturday Special Nov 13 21 Demands to revaluate the dinar, the government responds
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Demands to revaluate the dinar, the government responds
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Devaluating the Iraqi dinar in the 2021 budget has stirred the discontent of the public, and economic and financial experts alike. In spite of the warnings from its negative economic and social reverberations, the Iraqi Ministry of Finance ascribes it a breakthrough amid a stifling economic crisis that has struck the country.
Last December, the Central Bank of Iraq (CBI) opted to raise the exchange rate of the U.S...