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Published: Feb. 12, 2021, 3:28 a.m.

You can see all the articles I discussed in the episode and MORE at https://myfxbuddies.blogspot.com/2021/02/wots-thur-feb-10-21.html

\nA final round of the dollar and the Iraqi dinar in the budget .. Can the exchange rate be changed?\n

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Since the Iraqi government announced a change in the exchange rate of the dollar against the dinar as a result of the drop in oil prices, and what the Corona pandemic has produced on the Iraqi economy, the citizen, in addition to the merchant with various groups, is living a period of wandering in financial dealings, which resulted in a "good opportunity" for conflict between the exploiters For crises in such circumstances.

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The value of the US dollar after the Iraqi government resorted to reducing the dinar, in an attempt to pull the country out of the financial and economic crises, reached 1450 dinars, after it had been stable at the threshold of 1200 dinars over the past years, which led to great losses, close to a quarter of the value of the Iraqi savings of money , As well as a quarter of their monthly salary.

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Negative effects despite reassurances

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Economic academic Jawad Al-Kaabi comments, in a statement to "Ultra Iraq," saying that "the decision to reduce the dinar has led to more impoverishment of the poor, bankruptcy and the suspension of small and medium businesses, due to the increase in the prices of food, medicine and imported production requirements by more than 30%, indicating that" and after each The damage that occurred The decision-makers (the prime minister, the minister of finance, and the governor of the central bank) continue to insist on their unfair decision for the right of the poor citizen and productive business owners in the real economy. "

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This comes at a time when the Iraqi government reassured citizens about the decision to reduce the value of the official currency, stressing that it "will not affect the classes that depend on local goods." Prime Minister Mustafa Al-Kazemi also cited during his speech at the Iraqi Council of Ministers session, in several countries, including "the Emirates." And South Korea and Singapore when they made difficult decisions in the past to reform the economy.

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