Iraq’s Economy Rebounds—But Is the Dinar Still at Risk?
Iraq is witnessing signs of economic recovery, but challenges remain. Link to My FX Buddies Blog
Economist Haider Al-Sheikh explained that while market activity has improved after the Arbaeen pilgrimage, the rising demand for the US dollar is pushing exchange rates higher in Baghdad and Kurdistan.
From seasonal factors like winter and school openings, to political uncertainty and US sanctions on Iraqi banks, the dinar’s stability remains vulnerable. Food prices, dollar shortages, and commercial fraud add another layer of pressure to Iraq’s fragile economy.
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