Saturday Special Iraqi News Catch up: A year after the decision..a report discussing what to reduce the value of the Iraqi dinar

Saturday Special Iraqi News Catch up: A year after the decision..a report discussing what to reduce the value of the Iraqi dinar  To see this article in full and MORE go to: My FX Buddies Blog link On such days and a year ago, the Central Bank of Iraq approved on December 19, 2020, the devaluation of the Iraqi dinar from 1200 dinars per dollar to 1460 dinars per dollar, equivalent to 22%. The Central Bank of Iraq attributed the reasons for the devaluation of the dinar at the time to what it described as structural distortions in the Iraqi economy that impoverished public finances and restricted the reform capacity sought by the government and the Ministry of Finance. The devaluation of the dinar caused a great shock to the Iraqi street, which was not expecting such a step, especially as it came at the height of the spread of the Corona pandemic, which caused business interruption, study disruption, market closure and health curfew, as well as the collapse in oil prices that Iraq relies on. Its sales to supplement the general budget by 95%. A full year after the devaluation of the dinar, Iraqis and economists are wondering about the most important pros and cons that have been achieved.