Further Devaluing the Iraqi Dinar?
In this episode I cover a few articles that seem to point to another devaluation...
\nThe journey of devaluing the dinar is "not over" here ... The Finance Ministry is preparing for broad measures that it discussed for weeks and did not "reveal"\n\nThe Ministry of Finance in Iraq is preparing to take "supportive measures" to remedy the risks and effects that the raising of the dollar exchange rate against the Iraqi dinar may cause in the country.
\n"The Ministry of Finance is fully aware that there are a number of supportive measures that need to be taken to increase the positive effects of adjusting the exchange rate," the ministry said in a statement, which "Yes Iraq" received a copy of, noting that "the Ministry of Finance was unable to do this publicly due to the sensitivity of the issue and because The budget must first be approved by the Council of Ministers.
\nAnd she added: \u201cThe Ministry of Finance has led extensive discussions in the past weeks after the budget was approved by the Council of Ministers on the follow-up to adjusting the exchange rate with many parties inside and outside the government. These discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop a program. Its detailed policy is designed to maximize the benefits from the exchange rate adjustment \u201d.
\nSee the rest and more here https://myfxbuddies.blogspot.com/2021/01/wots-fri-jan-8-21.html
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