Is it time to change the Iraqi Dinar exchange rate?  episode artwork

EPISODE · Nov 6, 2022 · 31 MIN

Is it time to change the Iraqi Dinar exchange rate?

from My FX Buddies · host Tish Washington

Is it time to change the  Iraqi Dinar exchange rate?  link To see this article in full and more go to: My FX Buddies Blog The issue of raising the exchange rate from the previous government in the Iraqi budget, which was officially approved on April 1, 2021, was a big mistake, and it was an open theft from the pockets of citizens, and we were against it. For the record, all the blocs voted for the aforementioned budget, except for the state of law and the national approach, and 3 deputies from Al-Fateh, and it was approved by specific blocs and supported it, and in the presence of 273 deputies out of 329. At that time, for those who remember, we considered it a big mistake. Instead of establishing a fair protection network and supporting the growing poor classes, the government went to raise taxes and the exchange rate as if the dinar depended on it and not its national currency, which logically all countries intended to invest in and prevent its deterioration, as is happening now in all countries despite inflation taking measures multiple to raise its value.

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