Clare

Clare – Dinar Guru   Article:  “What the barrel loses will be made up by the exchange rate. A look at the financial situation and the opportunity to change the dollar’s price”   Quote: “If Iraq’s operating expenses stabilize at their current level of 300 billion dinars per day, which requires 85,000 dinars per barrel, this amount will not be achieved from the $58 per barrel unless the dollar exchange rate changes. Converting $58 to 85,000 dinars means that the price of one dollar should be 1,460 dinars. This is for the Ministry of Finance, i.e., the price at which the Ministry of Finance sells the dollar to the Central Bank. From the Central Bank to banks, it will be 1,470 dinars, and from banks to consumers, it will be 1,480 dinars per dollar. This option is now actually being considered in the political arenas…

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