Episode Details

Is Iraq heading towards printing new paper currency?

⁠link⁠ to My FX Buddy Blog

Committee member Moeen Al-Kazemi said in a statement followed by "Al-Eqtisad News": "There is no intention to print new paper currency at the Central Bank," noting that "the Ministry of Finance began funding ministries and governorates with salaries two days ago." He added that "the cash mass required monthly to pay employees' salaries is estimated at four million employees and four million beneficiaries of the Retirement Authority and two million social care, which is approximately 7 trillion and 500 billion dinars." He

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Transcript at https://rss.com/podcasts/myfxbuddies/