Iraq Strikes at Dollar Market Chaos!

My FX Buddies · Jul 24, 2025 · 29m

Iraq is moving to eliminate the gap between the official and parallel market exchange rates of the US dollar,

link to My FX Buddies Blog

Economic Advisor to the Prime Minister, Mudher Muhammad Saleh, revealed on Tuesday.

The official rate set by the Central Bank of Iraq (CBI) is 132,000 dinars per $100, while the parallel market rate has hovered near 139,000 dinars in recent days—a difference the government seeks to erase.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠a free transcript at…