Mnt Goat

  In Mnt Goat 

Article: “THE DOLLAR FACES THE IRAQI DINAR IN TWO WAYS: 130 OR 160 THOUSAND PER 100 DOLLARS … AN INTERNATIONAL PROPOSAL FOR BAGHDAD THAT “RAISES THE PRICE MADLY” So this article is telling us that in order for Iraq to get a loan necessary to pay salaries for December they had to devalue the currency under pressure from the World Bank. This pressure was exerted on the Financial Ministry first and then to the CBI…But remember this – how will the GOI pay January’s salaries?