Mnt Goat

  In Mnt Goat 

… a week ago…Mazhar Muhammad Salih, said and I quote-  “Changing the exchange rate is possible, but it requires patience and careful study,” adding, “We need to cook on a quiet fire and monitor prices until the end of 2022, oil prices and foreign reserves.”   To me this is telling us not to expect any change in the exchange rate of the dinar until at least the end of 2022…I firmly believe they are trying to pay off their debts prior to the RV. They already paid off all war reparations to Kuwait- good news! They can also pay off the IMF loan by the end of the year if oil prices remain high – good news!

Tags: , /