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Showing results for tags 'de-valued.'.
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Luigi found this article of Dinarian interest... Iraq Finance Minister explains why the de-value of the IQD was necessary in Dec 2020. Today, oil now at $100 a barrel. Will Finance Minister reverse course? Treat as a rumor. Not verified. Your opine. Bond Lady's Corner: The Minister of Finance: The Decision To De-Value The IQD Was Part Of A Package Of Economic Reforms. The Minister of Finance confirmed, today, that the decision to de-value, to reduce the value of the Dinar came from a package of reforms. She said in a statement revealed by Iraq News Agency that "it is sought with all it's institutions to correct the structural distortions in the Iraq economy while the public financial policies lacked, which led to restructuring the ability of financial reform in the country" She added "Why was the exchange rate devaluation in Dec 2020 necessary?" "The decision to de-value was taken as a result as the price of a barrel of oil at the time reached $20 Dollars & that caused the economic crisis"
