Article: “Parliamentary Finance demanding the central bank to intervene “urgently” to reduce the dollar exchange rate”
Here’s hoping there’s enough reserves to get the MCP below 2% for 90 days.
The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again.
Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don’t have control over the dinar.
