Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.
Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.
10-8-2026
Economic expert Nabil Al-Marsoumi explained on Thursday the mechanism for calculating the financial impact resulting from reducing the exchange rate of the dinar, indicating that the calculation of additional revenues should not be based on total oil revenues, but rather on net revenues after deducting payments and external obligations valued in dollars.
Al-Marsoumi said that calculating the revenue resulting from the devaluation of the dinar by multiplying the new exchange rate by the total oil revenues is inaccurate, noting the need to deduct the expenses of oil licensing companies, the repayment of external debts and their interest and other external obligations, as well as the value of goods imported by the government in dollars, including gas, electricity, oil derivatives and ration card materials.
He added that the remaining amount after deducting these payments is what should be calculated when applying the new exchange rate, explaining that if oil revenues amount to $80 billion annually, while government payments amount to $20 billion, then net revenues will be $60 billion.
He explained that when calculating the value of the $60 billion according to an exchange rate of 1,500 dinars per dollar, the result will reach 90 trillion dinars, while the result when calculated according to the old exchange rate of 1,300 dinars per dollar is about 78 trillion dinars.
Al-Marsoumi pointed out that the difference between the two values amounts to 12 trillion dinars annually, which, according to his estimates, represents about 5.5 percent of the total public expenditures in the 2027 budget.
He stressed that this method of calculation clarifies the actual financial impact of the exchange rate change more accurately, by focusing on net oil revenues after excluding payments and obligations made by the government in dollars.
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