IRAQI DINAR INFORMATION

12-24-2015 *Kaperoni ~"it will not unlike this increase is an increase in the sale price of the dollar in the currency auction," aahhh but it did... They can twist it anyway they like, but the Market Rate did change from about 1212 to 1220 so it adjusted, which means it devalued and the citizens lost 16 dinars to the $1 purchasing power. It is clear, the hope was they could devalue the dinar, save a little money to cover the budget deficit and hope that the Market Rate would stay within the 2% IMF compliance (about 1214 or less). But it seems to have failed with the dinar Market Rate now at 1220.