Iraqis panic as leaked budget draft signals devaluation ...Kuwait

News by : (The New Arab) -
The Finance Ministry expressed "resentment" over publication of the proposed law, which gives an anticipated exchange rate of 1,450 Iraqi dinars to the dollar.A leaked draft of Iraq's state budget sent Iraqis into a panic on Thursday as it confirmed the government's intentions to devalue the national currency, the Iraqi dinar, and cut salaries to cope with the impacts of a severe economic crisis. Discussions about devaluating the Iraqi dinar, which has been pegged to the dollar for decades, have been going on for weeks as the government worked to finalized the 2021 budget. The draft law, which has to go through a parliament vote first, gives an anticipated exchange rate of 1,450 Iraqi dinars

Hence then, the article about iraqis panic as leaked budget draft signals devaluation was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Iraqis panic as leaked budget draft signals devaluation )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار