Article: “Proposed budget revision points to planned currency devaluation.” Well that’s not what we want. We want a revaluation not a devaluation. Quote “…the approval and vote of the Council of Ministers and Parliament are required regarding setting the accounting exchange rate at 1500 IQD per US dollar…although the Ministry of Finance has thoroughly studied the matter, it does not mean this is a final decision.” This is not actually happening. This is just a draft proposal. They are proposing moving the exchange rate to 1500 from 1310…It’s a proposal...A lot of people are missing that point. Stephen
