Iraq Must End Multiple Exchange Rates — They Won’t Hold if Oil Prices Crash 🔥
Iraqi economist Adel Al-Dalfi is sounding the alarm: Iraq’s current system of multiple exchange rates is not built to withstand global market shocks — especially if oil prices fall again. link to My FX Buddies Blog
In new analysis sent to Iraq Observer, he warns that Iraq is entering a sensitive economic stage, with public finances increasingly at risk due to:
New oil supply returning from Venezuela, Iran, and Russia
Potential political breakthroughs that could flood global markets
A budget funded over 90% by oil, leaving Iraq exposed
If you'd like to Support the channel: …
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.