The CBI window is a posted price not a market quote…A weaker dinar makes each oil dollar count as more dinars on the budget page…$1 billion at 1320 is 1.32 trillion dinar. The same billion at 1520 is 1.52 trillion dinar. That’s 200 billion dinars more on paper. On a full year of $100 billion oil dollars, the paper gain is about 20 trillion dinars…It’s not new wealth. The country still has the same amount of dollars. Exports did not rise. No new foreign money came in. Only the conversion number changed…It’s a wash IMO…
