Article: “Rasheed Bank proceed with selling the dollar for citizens”
Quote: “The general director of the Rasheed Bank Rashad Khudair Waheed told / KD / that the bank began to sell foreign currency from the dollar to citizens traveling outside of Iraq.”
Iraqi’s have been getting pounded when they buy dollars from the traders, the spread is roughly 10% or 1290-1.
Now, the Iraqi’s can buy the dollar very near the official rate of 1182-1 and get the MCP down below 1205-1, a IMF requirement before they can move to Article VIII.
