HowieC Posted November 2, 2022 Report Share Posted November 2, 2022 Iraqi premier to raise Iraqi dinar value “The interests of the needy were not taken into consideration in devaluing Iraqi currency. We tend not to repeat that in this cabinet,” he said Kurdistan 24 12 Hours Mohammed Shia al-Sudan, Iraqi Prime Minister. Iraq currency value Iraqi dinar dollar value ERBIL () - Iraqi government with the help of the Central Bank of Iraq, do its best to increase the price of Iraqi dinar against US dollar, Mohammed Shia al-Sudani, Iraq’s new premier, said in a press conference on Tuesday. “The interests of the needy were not taken into consideration in devaluing Iraqi currency. We tend not to repeat that in this cabinet,” he said. Tackling endemic corruption in the country is one of the priorities of this cabinet, he said. The Iraqi government work with other neighboring other countries to return Iraq’s “stolen money,” he added. Faced by financial crisis caused by low oil prices amid COVID-19 pandemic, the Iraqi Central Bank decided to devalue the currency, setting the exchange rate at 1,460 dinars per dollar to the public. Before the decision, each dollar was traded at 1,182 Iraqi dinars. As Iraq’s market is heavily relied upon imports, the decision sparked public outrage and demonstrations, outcrying the rising prices of commodities. The former Finance Minister Ali A. Allawi argued that the rising commodity prices was part of the global inflation, defending the devaluation decision as it had increased the state revenue amid liquidity crisis. 1 12 Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted November 3, 2022 Report Share Posted November 3, 2022 Yes we know this move was a great benefit to pay off debt and put them into a good position. Now let's reverse it so you all can move forward and the rest of us that have serious financial plans of our own can move forward too! 1 1 10 2 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted November 3, 2022 Report Share Posted November 3, 2022 Sounds like he wants to take it back to 1182 … I guess that’s a start 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted November 3, 2022 Report Share Posted November 3, 2022 12 minutes ago, Half Crazy Runner said: Sounds like he wants to take it back to 1182 … 14 hours ago, HowieC said: We tend not to repeat that in this cabinet Hmm. Hopefully, they don't repeat to return to 1182. 3 Quote Link to comment Share on other sites More sharing options...
screwball Posted November 5, 2022 Report Share Posted November 5, 2022 On 11/4/2022 at 12:47 AM, Half Crazy Runner said: Sounds like he wants to take it back to 1182 … I guess that’s a start What does 1182 give us with three zeros removed from the rate 1 1 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted November 5, 2022 Report Share Posted November 5, 2022 Once they have a working oil and gas law they won’t have any choice but to add value to the dinar 1 2 4 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted November 5, 2022 Report Share Posted November 5, 2022 1 hour ago, screwball said: What does 1182 give us with three zeros removed from the rate If it comes in at $1.18, I’m doing the happy dance!! 7 1 Quote Link to comment Share on other sites More sharing options...
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