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America stops the dollar cash to Iraq: Will the dollar rise against the dinar?
Last updated: February 12, 2025
Independent/- In a surprising move, reports indicate that the United States has decided to stop sending cash dollars to Iraq, a decision that could have profound effects on the Iraqi economy and its financial market. (THE ONLY THING PROFOUND WILL BE PURCHASING POWER FOR THE CITIZENS!!! -F26)This shift raises many questions about its impact on the value of the Iraqi dinar, (PURCHASING POWER -F26) currency markets, and the local banking sector.
What is a cash dollar?
Cash dollars refer to money that is physically sent to Iraq by the United States, usually through banks or other economic mechanisms. This cash flow has played an important role in supporting the Iraqi economy, especially in light of the economic challenges facing the country.
The reason behind the American decision
Sources indicate that the US decision comes in the context of economic and diplomatic pressures on Iraq, which include issues related to the national economy and monetary policies. Some reports also indicate that the United States may seek to limit the use of the dollar in Iraqi financial transactions, in an attempt to enhance the stability of the local currency and reduce dependence on foreign currencies.
Impact of the decision on the Iraqi dinar
The decision is expected to cause significant volatility in the local currency market. (PURCHASING POWER IS VOLATILE... 1310 IS A VIOLATION TO THE IRAQI CITIZENS!!! -F26) The US dollar is one of the main currencies traded in Iraq, and stopping its flow of cash could lead to a shortage in supply, which could push the dollar higher against the dinar. (THAT'S A STUPID STATEMENT... HOW CAN IT PUSH THE DOLLAR WHEN IT IS REMOVED... IT WILL PUSH UP THE VALUE OF THE IQD!!! -F26)
The impact of the rise on the Iraqi market
The increase in the value of the dollar may lead to higher prices in the Iraqi market, which will exacerbate the burden of inflation and affect the ability of citizens to purchase basic commodities. This may also indirectly affect economic activity, especially in sectors that rely heavily on imports.
Are there any solutions?
The Iraqi government will face a major challenge in dealing with these developments. The next phase (THIS SENTENCE ADMITS THERE IS A NEW RATE COMING... AND YOU BETTER BE PREPARED FOR IT!!! -F26) may require developing new economic and financial strategies to mitigate the impact of sudden changes in currency rates. It is necessary to have a move towards strengthening the Iraqi dinar and diversifying the sources of the national economy away from heavy reliance on the dollar.
Conclusion
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