Iraq’s market turns away from “old US Dollar”.
Iraq’s market turns away from “old US Dollar”
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Deeply entrenched since the 2003 US invasion, the dollar has become a cornerstone of Iraq’s economy, fueling oil exports, trade, and daily transactions, effectively operating as a parallel currency. However, older banknotes, especially pre-2003 issues, face growing rejection from traders and exchange offices.
Dollar in Iraqi Economy
The US dollar holds a significant position in Iraq's economy, functioning almost as a secondary currency. This…
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