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[size=30]An expert comments on the new exchange rate: Iraq is the biggest loser
[ltr]2023.02.07 - 19:47[/ltr]
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[ltr]2023.02.07 - 19:47[/ltr]
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Baghdad - people
On Tuesday, Professor of Economics at the University of Basra, Nabil Al-Marsoumi, commented on the decision to reduce the exchange rate of the dollar.
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Al-Marsoumi said in a post followed by “Nass” (February 7, 2023), “The exchange of roles .. In 2021, the owner of the dinar lost and the owner of the dollar won, and in 2023 the owner of the dinar won and the owner of the dollar lost, and in both, oil was the engine of change.”
He added, "On Monday, Iraq was the biggest loser."
And the Cabinet approved, earlier, the decision to adjust the exchange rate of the dollar by the equivalent of 1,300 dinars.
The media office of the Prime Minister said in a statement, which "NAS" received a copy of, (February 7, 2023), that "the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar."
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