Saturday Shenanigans: Maliki Nomination and Devalue Iraqi Dinar?
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A new proposal is emerging around Iraq’s official exchange rate — link to My FX Buddies and it could have major budget implications. Financial and economic expert Haider Al-Sheikh says there is a proposal to adjust the official dollar exchange rate against the Iraqi dinar as a way to confront mounting economic pressure and boost state revenues. According to Al-Sheikh, the idea involves raising the official exchange rate from 1,300 dinars per dollar to 1,400, a move that could generate more than one trillion dinars annually for the state treasury from oil revenues. Iraq relies heavily on oil income, which currently brings in roughly 8 trillion dinars per month. If you'd like to Support the channel: https://cash.app/$tishwash.... https://paypal.me/tishwash.... a FREE transcript at: https://rss.com/podcasts/myfxbuddies.... He noted that the current caretaker government does not have the authority to implement such a change, but the next government may consider adopting the proposal — particularly as internal debt has climbed above 95 trillion dinars. Supporters argue the adjustment could help ease fiscal pressure, while critics warn it may impact prices and purchasing power. 📌 Why the rate change is being discussed 📌 How it could affect government revenues 📌 What it may mean for citizens and markets 🎧 Listen in for a clear breakdown of the proposal and what could come next. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥