Pimpy

  In Pimpy

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]