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BatmaninIraq
01-06-2016, 07:01 PM
Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees01/05/2016 10:18


Tomorrow Press / Baghdad: heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars, instead of 120 thousand dinars, including an attempt to cover employees' salaries.


A source in the Finance Committee (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=281895330440&item=281895330440) of the House of Representatives, who declined to reveal his name, in an interview for "tomorrow Press", that "the central government received proposals by some parliamentary bodies and a number of ministers, requires raising the value of the dollar to the 200 thousand dinars per hundred dollars, in order to Dam and cover staff salaries, which have become the government unable to pay in light of the continuing decline of oil prices. "The source added that" only the victim of this procedure is the employee, where the prices of goods will rise in full, as the Iraq imports simplest things from abroad because of the lack of industries Local and push the prices of those goods. "

Brazileiro
01-06-2016, 07:59 PM
that's an exchange rate of 2000-1 so I hope no one thinks it is 200-1 as the headline appears to say,,,read somewhere the CBI has already mentioned taking the rate to 1300-1 or 1400-1 by end of 2016,,,

mike032588
01-06-2016, 09:25 PM
thats normal... they need to stimulate.... cheaper dinar = higher imports...