The story of the Iraqi dinar and bandanna
The story of the Iraqi dinar and bandanna
21/06/2015
Roudao – Erbil after global markets have seen a sharp decline in crude oil prices as the cause of economic collapse for a number of countries, face fingered Iraqi officials to the Gulf states, particularly Saudi Arabia of being behind the collapse of winning in oil prices to target Iraq economically.
It is noteworthy that the value of the dinar Iraqi against the US dollar was 1 dinar = 2.8 dollars during the sixties of the last century, then rose in the seventies after the United States made a decision to reduce the value of its currency by 7.9% to become a value of JD 1 = $ 3.3778, after the fall of the Iraqi currency to become 5% US dollar value of the dinar 1 dinar = $ 3.2169, a price at which he remained until the second Gulf War in 1991, despite the fact that the Iraqi dinar exchange rate on the black market in the late 1989 price was three Iraqi dinars per dollar. According to observers and experts “took advantage of Kuwait bleeding Iraq’s economy in the war and vowed to make the Iraqi dinar paper napkin by flooding the market with oil the support of the rest of the Gulf until the value of the Iraqi dinar fell to its lowest level. and become one US dollar = ranges between approximately 1200-1300 $, it means the exchange rate of the Iraqi dinar dropped equivalent to 300%.
rudaw.net
