The dollar’s “stubbornness” against the Iraqi dinar widens the “gap” between the official and parallel prices
The dollar’s “stubbornness” against the Iraqi dinar widens the “gap” between the official and parallel prices
6-28-2024
Shafaq News/ Iraq has been seeking for two years to end the phenomenon of dealing in dollars in the local market, while economic experts indicate that the Central Bank of Iraq’s measures have achieved “relative” success in controlling hard currency.
The year 2023 witnessed an unprecedented rise in the dollar exchange rate, reaching 1,700 dinars per dollar and continuing for several weeks before gradually declining at the end of the year to reach a level ranging between 1,470 and 1,450 dinars per dollar during the past two months.
The Iraqi currency crisis began after the US Treasury Department banned 14 Iraqi banks from the global banking transfer mechanism known as SWIFT in an attempt to prevent the smuggling of dollars to Iran…
faceiraq.org
