Sandy Ingram  

People have been asking, ‘Why is the Iraqi dinar one rate in Iraq and a different rate online…?’  There are two major reasons for the different rates.  1. The Iraqi government imposes strict currency controls to limit the flow of dinars out of the country.  This creates a dual exchange rate system:  Official rate – fixed rate imposed by the Central Bank of Iraq…Market Rate – Freely fluctuating rate is used for private transactions and most imports… 2.  The IQD is not widely traded internationally …Limited demand for dinars outside Iraq weakens its value on
the international market.  But…they are now saying speculation about a potential revaluation of the Iraqi dinar sometimes influences online prices… Speculation investors, that’s us.  We are causing fluctuations in the currency value…