AJ
Great News for Iraq's Parallel Market - Declined
It traded below 1,400
for the 1st time 1,397 IQD per $1 dollar.
Big Milestone
60 more IQD to hit official rate 1,320
On Sunday, the US dollar weakened against the Iraqi dinar in both Baghdad and Erbil,
Baghdad’s central exchanges registered a rate of 1,401 IQD per $1. Earlier in the day, the rate stood at 1,403 In local currency exchange shops across Baghdad, the dollar was selling at 1,400 IQD and buying at 1,390 IQD per $1. In Erbil, the dollar was selling for 1,397 IQD and buying for 1,396 IQD per $1.
If you are New Here welcome and I have the best followers, they rock: Just know the parallel Market rate must be the same as the CBI's offical rate 1,320 for Iraq to revalue their currency. The Central Bank's plans to unify the two dollar exchange rates gradually in the second half of 2025
Gradual unification aims to minimize economic shocks, stabilize inflation, and restore confidence in the Dinar currency.