The Growing Gap Between Iraq’s Official and Parallel Dollar Markets
Iraq’s economy may be entering another difficult phase as experts warn link to My FX Buddies Blog that rising regional tensions between the United States and Iran could increase pressure on the Iraqi dinar and widen the gap between the official exchange rate and the parallel market.Economic expert Nasser Al-Tamimi says geopolitical instability often drives investors and markets toward the U.S. dollar as a “safe haven,” creating volatility across global and regional financial systems. Iraq, heavily dependent on the dollar for trade and imports, remains highly vulnerable to these shocks.If…
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