Parallel Dollar Surges to 1550 — CBI Blames Traders and Citizens
The Iraqi dinar continues to weaken in the parallel market,
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reaching 153,000 dinars per $100, while the Central Bank of Iraq says it is not responsible for the widening gap between the official and market exchange rates.
In this update we break down:
• Why the dollar is rising in the parallel market
• The impact of the ASYCUDA customs system
• Why traders are avoiding the official platform
• 22 Iraqi banks barred from dollar transactions
• The Oliver Wyman banking reform plan
• Is this policy failure… or market evasion?
Is the issue the dollar?
If you'd like to…
The skinny
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