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Negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar

The Parliamentary Finance Committee revealed, on Monday, negotiations that the Iraqi government is conducting with the International Monetary Fund to determine the exchange rate of the dinar against the dollar in Iraq.

The official Al-Sabah newspaper quoted the committee’s rapporteur, Ahmad Al-Saffar, as saying that one of the reasons for the “budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar.”

Al-Saffar revealed that “there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar,” indicating that “this measure will lead to inflation and negatively affect those with limited incomes who depend on their salaries.” Source