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WOTS FRI FEB 25 22 Iraqi News Catch Up of the Weekend Feb 26 and 27th 2022

How much does Iraq lose by "returning the dollar" to its old price? Economist explains

link    go to my fx buddies blog

Today, Sunday, the economic affairs specialist, Nabil Al-Marsoumi, revealed the expected losses for Iraq in the event of a return to the old dollar exchange rate.

The expected net oil revenues in 2022 = 70 billion dollars (after subtracting the costs paid to oil licensing companies and government imports)," Al Marsoumi said in a blog post seen by Alsumaria News.

He added that "oil revenues are denominated in dinars at the current exchange rate = 101.5 trillion dinars."

He continued, "Oil revenues are denominated in dinars at the old exchange rate = 78.260 trillion dinars."

And the specialist in economic affairs indicated that "the difference between the two prices = 101.5 - 78.260 = 23.240 trillion dinars," adding that "the internal debt of Iraq = 68.214 trillion dinars."