It is an interesting dichotomy happening right now as not only did the banks stop buying as much USD but the money changers have also in spite of the rate being at its worst since I have followed. Why are the Money Changers reportedly being cautious with any purchases of USD when they could resell at a larger profit than they have been able to attain since the move to 1460. It is totally illogical unless they know that they don’t want to be moving IQD to USD out of fear of being on the wrong side of an economic move by the CBI.
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