
My FX Buddies
IRAQI DINAR: Dollar Nears 160,000! What Is Happening?
The Iraqi dollar market is moving higher again, with the parallel-market rate in Baghdad approaching 160,000 Iraqi dinars per $100. My FX Buddies Blog On Thursday morning, September 17, Al-Kifah and Al-Harithiya exchanges opened at approximately 158,850 dinars per $100, up from 157,250 at the start of Wednesday's trading. At Baghdad currency exchange offices, the reported selling price reached approximately 159,250 dinars per $100, while the buying price was around 158,250. And the increase has been building. On September 12, the rate was around 156,350 dinars per $100. On August 19, it was approximately 154,600. So what is behind the latest move? The article points out that determining the direct cause requires additional official data and indicators, including: Demand for cash dollars Remittance flows Speculative activity Conditions in the parallel market ️ Monetary and regulatory measures The important distinction is that this article is discussing the parallel-market exchange rate. It does not report a change in Iraq's official exchange rate. The big question now is whether the parallel-market rate will cross the 160,000-dinar-per-$100 level — and whether monetary and regulatory measures can narrow the gap between the official and parallel markets. Subscribe for continuing Iraqi dinar, Central Bank of Iraq, banking, exchange-rate and Iraq economic news. What do you think is driving the latest dollar increase — cash demand, speculation, dollar availability, or something else? Thanks for Watching! Following Iraq’s Story — Don’t Give Up Subscribe for more Iraq banking, currency, economic and dinar news. Thanks for Watching! Following Iraq’s Story — Don’t Give Up https://tinyurl.com/godhastheanswers Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication. #Iraq #iraqiDinar #iqdrv #IraqiDinar #Dinar






