Iraq’s Currency Gap Shrinks…Real Reform or Just a Trick?

My FX Buddies · Jul 23, 2025 · 30m

The Iraqi Dinar is inching closer to the official exchange rate — but is it real reform or just a temporary fix?

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In this episode, we dive into a bold new government strategy that’s narrowing the gap between the official rate (1320IQD) and the parallel market (now hovering around 1390 IQD). Financial advisor to the Prime Minister, Mazhar Mohammed Saleh, has outlined five key factors driving this shift — but not everyone’s convinced.

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