Here’s the thing that everybody is missing. Article: “Government adviser announces entry into force of 2024 budget” Quote: “…the exchange rule 12/1 does not currently exist under the Financial Management Law No. 6 of 2019, as amended until the beginning of 2026.” What is Iraq’s exchange rule 12/1? …The 12/1 rule refers to the rate at which the Iraqi dinar is exchanged with the US dollar. 12 Iraqi dinars for every 1 US dollar…Over time the 12/1 rule has been revised several times…1160…in 2003…1170…in 2006…It looks to me like they’re trying to say the exchange rate will change in the beginning of 2026. [Post 1 of 2…stay tuned]
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