After the "change" of the exchange rate, speculators empty the pockets of Iraqis in hours
- Author
- Tish Washington
- Published
- Thu 24 Feb 2022
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/After-the-change-of-the-exchange-rate--speculators-empty-the-pockets-of-Iraqis-in-hours-e1ermi5
After the "change" of the exchange rate, speculators empty the pockets of Iraqis in hours
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In a short period not exceeding 48 hours only, currency speculators made millions of dollars, after they spread and exaggerated rumors about the government's attempt to change the dollar exchange rate in the current year 2022 budget to start large dollar purchases from citizens who were saving some of them to sell for fear From the loss, prices will rise again after the bank denied any change in the exchange rate.
On December 19, 2020, the Central Bank of Iraq officially announced the amendment of the foreign exchange rate (the US dollar) to 145,000 dinars for every $100, according to the state's general budget for the year 2021 approved by the House of Representatives.
