CHANNEL8
Iraqi economic expert Haider al-Sheikh told Channel8 that the exchange rate per $100 dropped by 4,000 to 5,000 Iraqi dinars, falling from 155,000 to around 150,000 dinars, adding, “Therefore, I predict that in the coming days, the price per 100 dollars will witness a further decline to between 148,000 and 149,000 dinars.”
Read more:
https://channel8.com/english/news/61795
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🚀🇮🇶 The Iraqi Dinar Keeps Gaining Strength! 📈💵
Another positive step for Iraq's monetary reforms! 🇮🇶
Economic expert Haider al-Sheikh reported that the parallel market exchange rate improved by 4,000–5,000 IQD per $100, dropping from 155,000 IQD to around 150,000 IQD per $100. He also predicts it could strengthen even further to 148,000–149,000 IQD per $100 in the coming days. 📉
This means the U.S. dollar continues to lose value in the parallel market while the Iraqi dinar gradually gains strength, helping narrow the gap between the parallel market rate and the official CBI exchange rate—a major objective of Iraq's monetary reforms. 🏦
What really stands out is the constant flow of news about the Iraqi dinar, the parallel market, and the Central Bank of Iraq's successful banking reforms. Since Al-Zaidi and the Iraqi government's visit to Washington, it feels like something has changed. There has been a steady wave of optimism, with almost daily reports highlighting the CBI's progress in expanding digital banking, reducing reliance on the parallel market, and gradually strengthening the dinar.
I absolutely love what I'm reading. The pieces keep coming together, and every reform appears to be moving Iraq closer to a stronger, more stable financial system.
We're getting closer. 🌅✨
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