The official IQD exchange rate has been fixed at 1470 Iraqi dinars against 1 U.S. dollar. Now the currency was trading at up to 1600 on local markets from mid-November before settling at around 1570 dinars. Now you’re asking yourself, ‘What’s the big deal? It’s only a small small change?’ Wrong! It’s a major big deal. It has sent panic waves through Iraq because of the increase in the cost of imports goods, wheat and gas…
