NeW Dec 1 Mechanism Shakes Iraq’s Market — NOT the Exchange Rate!
The sudden rise of the dollar in Iraq wasn’t caused by a
link to My FX Buddies Blog
change in the official exchange rate — and the Central Bank made that clear.
So what really happened?
Economist Manar Al-Obaidi reveals the truth:
👉 The spike is tied directly to the new customs pre-calculation mechanism launching December 1.
Under this historic reform, no bank will be allowed to process foreign transfers unless customs fees are calculated in advance. This closes the door on decades of:
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The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.