Iraqi Dinar Falls in Value

By John Lee.

Dinar value falls as Iraq contemplates currency devaluation

MPs say Iraq's 2021 budget is likely to bring a significant drop in the value of the dinar, helping the government's balance sheet but hurting the purchasing power of most Iraqis.

More details here from Iraq Oil Report (subscription required)

(Source: Iraq Oil Report)

 

2 Responses to Iraqi Dinar Falls in Value

  1. Brad Dufrene 18th December 2020 at 14:25 #

    They can't devalue their currency!! For one, they have basically NO inflation! 2nd they can't do that to their people, especially the poor people. This is just fluff propaganda to kill time. They know they are full of crap!!

  2. Ken 18th December 2020 at 22:23 #

    Stop devaluing n start revalueing. The country needs to be self reliant and not held back from being so !!!!!