Mnt Goat

  In Dinar Guru Updates, Mnt Goat

I quote- “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”. This was taken right out of an article by Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020). I would trust and respect his comments much more than the corrupt parliament member comments (and others)  that are coming out that say just the opposite. So relax. This financial crisis could lead to Iraq raising the value of the dinar in the long run.