Sandy Ingram
Why is the IQD not globally traded? First it's because of capital controls.
Iraq restricts the flow of its currency across borders.
Second, there's a lack of market confidence due to war, sanctions and corruption.
The IQD isn't trusted as a stable investment by international markets. Third we have sanctions and compliance issues.
Concerns over dollar leaks to sanctioned nations like Iran make most global banks wary of dealing in IQD. Finally, there's no offshore clearing or liquidity. There's no active IQD trading infrastructure abroad...