[Reference to Guru Fnu Lnu article/post 6-23-2024] Community comment: “If it was a mistake, the mistake/typo was it should have read 6.5 trillion Iraqi dinars ($4.9 billion); making the rate 1320:1 IQD:USD. Various posts are citing the Iraqi budget as the source for the “6.5 billion Iraqi dinars” info.” Of course it’s a mistake. The CBI rate is official.
[Response to Guru Kaperoni’s post 6-21-2024 below] I have…reviewed several different sources who all report the “new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)” is, in fact, accurate and written the same in all the sources. Just because [Guru] Kap doesn’t want it to be true doesn’t mean it is a mistake or misprint.
The Kaperoni post is below
Kaperoni Just because the central bank is changing monetary policy doesn’t mean the exchange rate is going to rise. Only with the success and growth of Iraq’s economy can the dinar go up in value.
