Why is it that countries were willing to exchange more Iraqi dinar for US dollars? There’s a black market out there. It isn’t just the citizens that are taking advantage of it…There are countries that one way or another…get their hand on Iraqi dinar and then they swap them on the black market for US dollars. Yes, they are sacrificing more Iraqi dinar than what the official rate is but to them it’s worth it…Iran has agreed to be paid in Iraqi dinars from Iraq to counter depreciation or the real. They then exchange Iraqi dinar for US dollars on the black market. Iran is one of a few countries under sanctions that do this…
