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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Why Iraq cannot afford a Stronger Dinar

    Rocky
    Rocky
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    Posts : 265237
    Join date : 2012-12-21

    Why Iraq cannot afford a Stronger Dinar Empty Why Iraq cannot afford a Stronger Dinar

    Post by Rocky Sat 12 Mar 2022, 8:26 am

    Why Iraq cannot afford a Stronger Dinar

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    12th March 2022 in [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]

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    Why Iraq cannot afford a stronger dinar

    While Iraq's political elites remain in deadlock over government formation, the value of the Iraqi dinar has reemerged as a source of contention over which to score populist points.
    To this end, the parliament-upon the initiative of Deputy Speaker Hakem Al-Zameli of the Sadrist Movement-hosted Finance Minister Ali Allawi on Feb. 28 to address the exchange rate and the impacts of inflation on ordinary Iraqis.
    The federal supreme court will on March 14 also host Allawi and the governor of the Central Bank of Iraq (CBI) based on a lawsuit that demands the strengthening of the dinar.
    The CBI devalued the national currency in Dec. 2020 amid a severe drop in global crude prices, which threatened economic collapse given Iraq's heavy dependence on oil export revenues. The devaluation was highly unpopular as it resulted in an immediate increase in prices of imported goods.
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