A new 2020 budget article is out today confirming the budget includes multiple sources of income instead of relying on oil. The World Bank is telling Iraq they are at a red line in spending on the budget calling for them to activate the private sector. One of the best performing currencies is the Egyptian pound with a 6.5% increase last period. We can only hope the Dinar performs better once they begin the float. Hopefully there’s enough pressure on them to make the changes that are needed over the next few months.
From Dinar Iraq IQD & Dong Vietnam VND