Iraq’s foreign exchange crisis is intensifying as more traders
turn to the parallel market to secure dollars, driving up exchange rates and putting new pressure on the dinar.
Parliamentarian Moeen Al-Kadhimi warns that strict banking procedures and foreign transfer restrictions are forcing businesses to bypass official channels — fueling inflation and market instability.
Support My FX Buddies:https://cash.app/$tishwashhttps://paypal.me/tishwash a FREE transcript at:https://rss.com/podcasts/myfxbuddiesEconomic experts point to deeper structural issues, including U.S. compliance restrictions on Iraqi banks and weak regulatory systems that empower speculators. The Central Bank and Ministry of Finance are now under pressure to restore confidence and stabilize the currency.
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