What Iraq usually does before a rate change: 1. Before every major FX adjustment Iraq has made historically, you have to look at 2015, 2020 and 2023…because that’s when the CBI did the following – tightened foreign transfers, restrict who can send money, how much and through which bank. 2. They force banks to use official platforms and block non-compliant banks. 3. Reduced the dollar outflow…All of these are happening right now…The CBI is tightening the control of their currency… :Omar
