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[size=30]An economist reveals the "facts" after the implementation of the "reduction" of the dinar against the dollar ... the value of the latter will reach 150 thousand per paper, and salaries will decrease!
2020-09-29
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Yes Iraq - Baghdad
The Iraqi economic expert, Salama Sumaisem, revealed today, Tuesday, September 20, 2020, the facts that will happen if Iraq reduces the dinar currency against the dollar.
Sumaisem said in a blog post on the Twitter platform: If it is $ 100 = 120,000 dinars, it will become = 150,000 dinars, and therefore if your salary is 600,000 dinars, its value is 400,000 dinars.
And she added: This is called a decrease in real income at a time when money income remains constant, indicating that the amount of goods and services that you can obtain will decrease, that is, inflation.
Sumaisem explained: We do not have the price of the dollar raised, the dollar is flexible towards global and American events in particular, noting that in the Iraqi market it is subject to supply and demand when it is scarce in the market, its price rises against the dinar.
And she indicated: Therefore, the government is pumping more to bring down the price of the dollar, but now we already suffer from a great shortage of money, and the dollar in particular.
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