Iraq’s Dollar Price Spikes: Parallel Market vs Official Rate Explained

My FX Buddies · Sep 12, 2025 · 31m

The dollar is climbing again in Iraq — crossing 1,430 IQD — and here’s why.

link to My FX Buddies BlogIn this episode, we break down Prime Minister Al-Sudani’s financial advisor Mazhar Mohammed Salih’s latest statement explaining that speculators and cross-border traders are driving the rush toward the parallel market.

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We’ll explore:

Why the…