Shocking parliamentary warning: The dollar may rise to 500 thousand dinars
Shocking parliamentary warning: The dollar may rise to 500 thousand dinars
2021-01-27
A member of the Parliamentary Economic and Investment Committee, Abdullah Kharbit, expected, on Wednesday, that the price of one dollar would reach 5,000 dinars during the next stage, indicating that if the governments continued their borrowing policy, Iraq would declare its bankruptcy.
Kharbit said in a televised statement that “If the Iraqi employee receives one million dinars, his salary in dollars was 833 dollars before changing the exchange rate,” indicating that “he currently earns 689 dollars, meaning that the employee loses 134 dollars a month.”
Kharbit warned that “the price of the dollar may rise to 500 thousand dinars per sheet of 100 dollars if the situation continues on the same path.”
Kharbit explained that “Iraq owns about 400 factories that are not working, and it needs billions of dollars for rehabilitation, and he does not have those sums.”
burathanews.com
