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💥 “Kuwait 2.0? Iraqi Advisor Says NO to Dinar Devaluation! 🇮🇶🚫💸”
Where did this come from? The Iraqi Prime Minister’s economic advisor, Mazhar Mohammed Saleh, just dropped some major clarity on the Iraqi dinar’s future — and it’s not what some expected.
🔹 No Plans to Devalue
Mazhar Saleh firmly denied any government intention to devalue the Iraqi dinar against the US dollar.
“The exchange rate policy is contractual between the Ministry of Finance and the Central Bank of Iraq.”
The dinar’s value is backed by foreign currency reserves coming mainly from oil revenues.
🔹 Stable Exchange Rate = Good Policy
He stressed that changing the exchange rate frequently is bad policy and prefers the dinar to remain officially stable to maintain economic balance.
🔹 Oil Revenue is Key
Oil is a global commodity unaffected by dinar fluctuations, so devaluing the dinar to create liquidity would be inflationary and harmful.
🔹 Devaluation = Danger
Devaluing the dinar is dangerous and not easy. The state’s goal is to raise and improve the dinar’s value, not weaken it.
🔹 No Economic Policy for Fluctuation
Saleh confirmed:
“There is no policy tending to fluctuate between depreciation and appreciation.”
The dinar and exchange rate have been stable for very long periods.
🔹 Inflationary Financing is the Worst
He highlighted that inflation from devaluation reduces citizens’ real income — essentially taking value away from people’s money.
🔹 Liquidity Solutions
The best way to address liquidity shortages is by improving the financial system through better revenues, not by devaluing currency.
Bottom line:
The Iraqi government’s stance is clear — no plans to devalue the dinar, aiming instead for stability and growth. So, forget the rumors — this is about steady progress, not risky currency moves.
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▶️ YouTube: https://www.youtube.com/@DINARREVALUATION
💥 “Kuwait 2.0?” Nope — Iraq is playing the long game with stability and strength.
English (US) ·