Kaperoni

  In Kaperoni 

The 2021 Iraqi budget was voted on and approved today. They have recessed to April 10th. The minister of finance stated today that the exchange rate of the Iraqi dinar will stay at 1460. And in the future, a full float is possible. Of course a float will eventually occur. That is how monetary policy really works. There is no random acts.  As Iraq’s economy grows and more and more investment comes into the country it’ll create inflationary pressure. Flotation is the answer to counter that pressure.

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