A new proposal is emerging around Iraq’s official exchange rate — link to My FX Buddies and it could have major budget implications. Financial and economic expert Haider Al-Sheikh says there is a proposal to adjust the official dollar exchange rate against the Iraqi dinar as a way to confront mounting economic pressure and boost state revenues. According to Al-Sheikh, the idea involves raising the official exchange rate from 1,300 dinars per dollar to 1,400, a move that could generate more than one trillion dinars annually for the state treasury from oil revenues. Iraq relies heavily on oil income, which currently brings in roughly 8 trillion dinars per month. If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ...