Entry Submitted by DM at 12:59 PM ET on June 14, 2023
People (and many self-proclaimed gurus) think that with Iraq finally approving their budget that all of the sudden there’s going to be a major rate change…
I agree with Kaperoni, that’s not how it works. The passing of this three tripartite budget gives Iraq the opportunity now to diversify their economy and begin significant reconstruction. Only with the success and growth of their economy will the Dinar go up in value.
This new tripartite budget is critical to Iraq diversifying their economy over the next 3 years. I believe this is how we will see the Dinar rise in value as a result of Iraq’s diversification away from oil and economic growth.
-DM
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