Henig

Article “Report: Dollar exchange rate drops in Iraq as Iran stops buying it on the black market” Quote “the Iranian authorities found themselves forced to pay 400 out of every million dollars to obtain the currency, which caused them significant economic losses and forced them to stop illegal purchases of dollars from the Iraqi black market … Iran’s suspension of purchases, raised the levels of currency in the Iraqi market significantly, stressing that exchange outlets and private banks that used to keep large amounts of dollars withdraw them from the Iraqi market in favor of Iran, found themselves owning large quantities of US currency without the presence of many buyers after Iran stopped purchases…Iran stopped buying dollars from Iraq a week ago…”