Article: “The Central Bank’s trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.” Quote: “The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks, with the hard currency declining for the first time since 2022, reaching 141,000 per $100… Saleh said that the Central Bank of Iraq has succeeded in meeting the dollar needs of major traders by strengthening national banks’ reserves with their foreign correspondents…and by beginning to use alternative currencies such as the Emirati dirham, the euro, and the Chinese yuan in banking operations…This approach has contributed to accelerating remittances and reducing reliance on the parallel market.”
