What would happen if the previous dollar exchange rate in Iraq was restored?

[yota691]

What would happen if the previous dollar exchange rate in Iraq was restored?

 

 

1,720 Economy 2022/01/25 14:12 if Baghdad today -

Baghdad Today, Saturday, economic expert Rashid Al-Saadi confirmed that there is a possibility to restore the exchange rate of the dollar against the dinar to its previous era without negative repercussions on the economic reality of Iraq. Al-Saadi said in a statement to (Baghdad Today), "The decision to raise the price of the dollar was one of the disastrous decisions that contributed to erasing the middle economic class in Iraqi society, where there are only two classes, rich and poor." He added, "The decision to raise the price of the dollar was taken by political blocs, and they are still insisting on keeping it in this way, despite the great economic crisis caused by this decision." Al-Saadi continued, "The government had to go to many aspects that served the same purpose without harming the simple citizen, including controlling the tax system, activating unfinished projects and operating completed projects, and activating the land phone service, given that the telecommunications companies for mobile phones are depleting the money of citizens and the country." He pointed out that "the Kurdistan region did not hand over one dollar of oil sales to the Iraqi treasury, despite the ongoing agreements between the federal government and the region to pay 260 thousand barrels of oil per day to SOMO." The economic expert stated, "The Iraqi government can study the issue of the exchange rate and restore things to normal," calling on the government to "support industry and agriculture by supporting inputs and granting import dollars to the sectors of agriculture, industry and health, and allocating amounts from the budget to support these sectors."

[6ly410]

 

Coordination framework: Our next priority is to return the exchange rate to its previous era

Posted 7 hours ago

 

 

https://iraqakhbar.com/3459965
political
|  
11:43 – 25/01/2022

Baghdad - Mawazine News 
, the representative of the coordination framework, Muhammad Al-Qadri, confirmed, on Tuesday, that the coordination framework is moving towards returning the dollar exchange rate to its previous rate, indicating that the survival of the exchange rate is a crime against the poor.
Al-Qadari said in a televised interview followed by / Mawazine News /, that "one of the priorities of the deputies of the coordination framework is to return the exchange rate of the dollar to its previous price," noting that "the framework with all its components is one of the priorities of its work to do justice to the poor by returning the dollar and working to enact laws that serve interest of the Iraqi people.” 
He added, "The poor are more affected by the repercussions of high prices, as well as the high rates of poverty in the country." Ended 29/A4 

 

 

[horsesoldier]

Previous “ Era “ you would think does not imply 1190.

 

ERA-a period of time marked by distinctive character events. ( Dictionary.com )

1190 hardly fits this description.

 

... but this being Iraq, no telling how they interpret “ Era “

[Benelli]

Call me an optimist, but both 1460 and 1190 are both program rates and part of the same era. Hoping they see it that way as well, but who knows?

[rvmydinar]

25 minutes ago, 6ly410 said:

Our next priority is to return the exchange rate to its previous era

Just wonder, why why and why would they keep talking about " return the exchange rate to the previous era " many many many times but, in reality, it seems they are afraid to implement it? Also, when they mentioned the words " the previous era ", they never give us any clue what year are considered as a previous era. And, this article only mentioned about " return the rate to previous era ", but it didn't mention about " deleting 3 zeros " in the same article, therefore i just assume that they may not return the rate to 1190 (  or another 4 digit numbers without " deleting 3 zeros " article ). Hopefully, the previous era means the rate should be in one digit number.

[rvmydinar]

22 minutes ago, Benelli said:

both 1460 and 1190 are both program rates and part of the same era. 

I agree with you. What you said make sense. Since you put it that way, we can only assume that the rate will return to $3+ ( 1 digit number during saddam regime cause saddam regime were part of different era ). Again, we can only hope.

[Longtimelurker]

31 minutes ago, Benelli said:

Call me an optimist, but both 1460 and 1190 are both program rates and part of the same era. Hoping they see it that way as well, but who knows?

Makes sense to me👍

 

Also, the 1190 rate doesn't fit with the global reset or Trumps "level playing field" comments.. If it does return to 1190 I don't think it will be there long.

[jeepguy]

They are keeping this pretty quite, 

Dinar revalue coming .

Makes one wonder what will cause a derail this time?

[jcfrag]

I have never seen them talk about the exchange rate as much as they are this time around. So why in the world are they still talking about it? What a bunch of dingle berries hanging off the very arses of their constituents….   😡

[Half Crazy Runner]

So many articles, so many people talking about returning the dinar rate to “the previous era”, and nobody saying what era they mean or what rate they have in mind. Such a coordinated and orchestrated campaign going on here, and nobody is asking these questions. 

[WheresmyRV?]

Enough talking and studying Iraq, just do something! 

[Floridian]

".....the survival of the exchange rate is a crime against the poor."

 

 "The poor are more affected by the repercussions of high prices, as well as the high rates of poverty in the country."

 

Sounds, to me, like they are talking about $3 plus, because 1170 would be just as much a "crime against the poor" as the current rate of 1460 to the dollar.  Geez, could we be that lucky?

[tigergorzow]

43 minutes ago, Floridian said:

".....the survival of the exchange rate is a crime against the poor."

 

 "The poor are more affected by the repercussions of high prices, as well as the high rates of poverty in the country."

 

Sounds, to me, like they are talking about $3 plus, because 1170 would be just as much a "crime against the poor" as the current rate of 1460 to the dollar.  Geez, could we be that lucky?

Floridian Thanks,  2nd that motion...👍👍😁😁🙏🙏

[Sage449]

What would happen if it RV'd back to the original pre-Saddam rate - I'd be screaming and running from the building and dancing in the street. Not a pretty sight, but I'd do it anyways............omgoodness - liken the news.  No only wish I looked like that - tee hee!