Mac Elgarhy

Hello everybody, I looked at the budget and it contains a lot of details about revenues and expenses but the most important part which we all waiting for is the exchange rate . They say that all revenues derived from oil is calculated at 42 dollars per barrel and exchange rate of 1182 dinar equal 1 dollar. I have no idea how long we will all wait for the RV, since all economy theory say they have to do the RV especially with the rebuilding of the country. They can not do it as you know with this worthless currency .!!!!!

Oh I see .Thanks and what about rebuilding the country (infrastructure, factories...etc are they gonna offset the difference from oil price too ?

Are they gonna buy it with a rate of 1182 ???? This is crazy . If they keep buying and signing contracts with different suppliers at this rate they will deplete their reserves !!!!! would someone explain that please .

The 25000 note would be 25 dollars would be too bad for all of us. It means LOP.

Hello, Why is it a bad situation to have a value of 80 cents equal to the dinar ???

The rate in the published budget is 1182 IQD = $ 1.00 . All projected revenues and Expenses are based on That rate .