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Sandy Ingram

Sandy Ingram

Last updated: February 5, 2024 6:05 pm
Sandy Ingram
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These are some of the major factors holding up the Iraqi dinar revalue…There’s a lot at stake…First…Iraq relies on its oil export for revenue…If oil prices were to decrease suddenly, it could cause a  drain on Iraq’s foreign exchange reserves as they try to stabilize their currency’s value…Second…Iraq’s political stability and security issues… Uncertainties make it challenging for investors to trust…making them hesitant to buy the dinar…Thirdly…A sudden and significant increase in their currency’s value could adversely affect their exports and trade balances.  It could also lead to inflation… Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation.  [Post 1 of 2….stay tuned]

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