A GOVERNMENT ADVISOR REVEALS THE TRUTH ABOUT THE DEVALUATION OF THE DINAR AGAINST THE DOLLAR WITH COMMENTS OF MNT GOAT

 A GOVERNMENT ADVISOR REVEALS THE TRUTH ABOUT THE DEVALUATION OF THE DINAR AGAINST THE DOLLAR

The Iraqi Prime Minister’s economic advisor, Mazhar Mohammed Salih, confirmed that the country’s monetary situation is stable and fine.

In a press interview, Mazhar Mohammed Salih said, “The country’s monetary situation is stable and there is no fear over the issue of salaries at all,” indicating that “the concerns being raised here and there in this regard are untrue and do not relate to the financial reality.”

Some politicians and representatives have stated that there is a shortage of cash liquidity in Iraq and that salaries are “unsafe,” according to them.

Regarding  proposals to devalue the Iraqi dinar against the US dollar to provide more cash liquidity to support the government during the current period, Mazhar Mohammed Salih denied the government’s intention to do so.

(Mnt Goat: Like we read in my last Newsletter, in early July the govt’s plan is to pay ALL  salaries by automatic deposit in the citizens bank account. If they haven’t set up an account they will not get paid. They have been warned 2 years ago to set up a bank account and get their debit card. This action by the govt is hoped to keep more cash in the banks to help with the liquidity issue. It may also flush out the stashes and hoards of cash in the homes that is said to be almost 90% of the issued cash. But remember that you and me also have dinar and our stashes must also come home to roost…lol..:) They are going to come for our dinar next…..)