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Strategic expert: The value of the Iraqi dinar will decrease
in relation to the US dollar as oil falls
9th March, 2020
The strategic expert, Eric Davis, stressed that the value of the Iraqi dinar will decrease in relation to the US dollar as oil continues to decline.
"The value of the Iraqi dinar will decrease in relation to the US dollar, and the reason is that the Iraqi dinar will represent a weaker economy as oil prices continue to decline due to lower global industrial production," Davis said in a tweet on Twitter.
He added that "Iraq has 95% of its external revenues from selling oil. Iraq must diversify its economy."