The Iraqi dinar in 2021 ... a warning of a fate similar to that of the Iranian Toman

[yota691]

The Iraqi dinar in 2021 ... a warning of a fate similar to that of the Iranian Toman

 

 

2,649 Economie 11/23/2020 17:40 Baghdad Today -

Follow-up The economic expert, Mazen Al-Ashiker, expected the depreciation of the Iraqi dinar against the US dollar, and the extension of the salary crisis to next year 2021. "Improving the economic infrastructure begins with the currency, and today the Iraqi currency does not differ from the conditions of the Iranian toman and the Syrian pound, and it is likely that one dollar amount will reach two thousand dinars ($ 100 equals 200 thousand," Mazen Al-Ashiker said, in a televised interview that she followed (Baghdad Today). JD) in the next year 2021. " Al-Ashiker added, "The reasons for the expected decline in the dinar come from the association of economic problems with the neighbors, and it is possible for the Iraqi dinar to be damaged as well as the Iranian Toman." He continued, “Corrupt political parties prevent access to the free economic system in the country,” indicating that the late well-known politician, Ahmed Chalabi, “proposed a bill in the name of the (Reconstruction Council), but the parties united to fight it, because it would exclude contracts from the government to the private sector, Who does not steal himself. " The economic expert explained, "The 2020 problem regarding salaries and lack of funds will extend to 2021 and possibly the coming years due to the continued decline in oil prices and the impossibility of reaching $ 50 per barrel," stressing that "if there is no reliance on the private sector, Iraq will end economically." With the outbreak of the Corona virus at the beginning of this year, 2020, Iraq is experiencing a suffocating financial crisis due to the decline in oil prices that have paralyzed large sectors of the world’s economies. Signs of a severe economic crisis appeared in Iraq, which put the government before the test of the possibility of securing the salaries of employees and retirees, since the financial crisis still exists without any government solutions. The government has resorted to borrowing twice, because oil and non-oil revenue funds are not sufficient to cover operational expenses, while the government actually needs to pay the expenses, including salaries, to about six billion dollars per month. The law stated that the financing gap (deficit) for the remaining months of 2020 amounted to 12 trillion Iraqi dinars (10 billion dollars), and it will be funded by authorizing the Minister of Finance to borrow locally and abroad. And Iraq is one of the countries with a rentier economy, as it relies on revenues from selling oil to finance up to 95% of state expenditures. Before the Corona crisis, revenues from selling crude amounted to about $ 6 billion per month, but they have almost halved this year.

[rvmydinar]

5 hours ago, yota691 said:

one dollar amount will reach two thousand dinars ($ 100 equals 200 thousand

 

the government actually needs to pay the expenses, including salaries, to about six billion dollars per month. 

$ 1 = 2,000 iqd? are you kidding me? what are you trying to accomplish? are you trying to scare away dinar investors to sell off their dinars forever? and finally you can suck all the dinars in ( from dinar investors outside iraq ) before you want to announce the rv suddenly, quietly and surprisingly.

 

and if iraq doesn't enough money to pay the salaries, then why does iraq want to spend 1 billion dollars for the students to study abroad? where do you think 1 billion dollar come from if iraq doesn't have hidden monies in the secret vaults somewhere in the hidden place where only certain people know.?

[rvmydinar]

hopefully, this contradicting article and HOAX news ( because it has a purpose to scare away dinar investors ) are a sign of rv coming closer and closer. be very careful when reading hoax news because hoax news are spreading everywhere like a virus and specially hoax news is very dangerous if hoax news exists between politicians in the iraqi government. come rv closer.