People ask me, Fnu, is the currency window in Iraq closed or not? Some people are claiming it is not closed. I answered, Yes, the Central Bank of Iraq has ceased the dollar auctions. According to Ammar Khalaf, the deputy governor of the Central Bank of Iraq, the dollar auction system, officially known as the Foreign Currency Sale Window and Electronic Platform, will be permanently shut down by the end of 2024. Khalaf confirmed that the decision is final and that the vast majority of traders have already adapted to the new system, which no longer provides direct dollar access from the central bank. So wonder no more!
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