USD price fluctuations cost Iraq 3 billion US dollars within 2 months

USD price fluctuations cost Iraq 3 billions within 2 months

Baghdad ( Member of Parliament Kadhim al-Shimari, the official spokesperson of the White Bloc reported in a statement received by that “The international reports confirm that the huge state budget of Iraq only depends on the revenues of oil exports sent to the Iraq development fund within the International Development Fund.”

“The Iraqi economy is suffering of many fluctuations in the price of Iraqi dinar against the US dollar which cost Iraq about USD 3 billion within two months in 2012,” he added. “Some powerful figures in the Iraqi government is seeking to take advantage of surplus of oil revenues to increase their personal balances abroad,” he concluded.


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  1. We hear in the United States that the Iraq Dinar is going to Revalue at 1 Dinar will be worth $3.42 in U.S. Dollars the rate it was before the war. Is that going to happen? Sincerely, Len R. Holliday send answer to; [email protected]

  2. What is the latest news on revaluation and/or rebaseing of the Iraqi Dinar? Need a reliable source! Thanks

  3. Wow!

    The talk has been going on for years. Will it happen? When will it happen? Who knows.
    There are hype web sites that say this will happen YESTERDAY and like Paul McCartney sings “I believe in yesterday” They are all screwballs. Even though I have Dinars, I wouldn’t get your hopes up!

    One Dinar to one USD Right!

    The country needs to be rebuilt first. So save them for your kids. Even though by then we probably won’t be buying our oil from overseas anyway…

    Good Luck People!

  4. Just want to know if it is a concern to Iraq government to give a strong first impression to the world or at lease the appearance to know how to conduct business because one thing for sure if you neglect to treat your own people of Iraq fairly what is to be expected of the foreign investors? Just a thought because you know that the world is watching and the appearance they (people) are being treated like a third world country instead of a Oil rich country while the Iraqi government official bath themselves in over paid salaries and stolen Iraqi oil money YES the world Is WATCHING .

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