Article quote: “...called economic academic Dr. Majid Baidhani private banks to cooperate and coordinate with the central bank to curb the appreciation of the dollar exchange rate in the Iraqi market…”
The dollar going up against the dinar is just a knee jerk reaction to the political crisis that has been going on.
It is a temporary situation driven by fear.
It’s kind of like gold going up in the world whenever there is a crisis.
In Iraq, citizens flee to gold or a stable currency and that’s the dollar.
The increase will go away as soon as the government crisis has been dealt with.
When the new government is seated, Iraqi citizens will view the situation as stabilized and the dollar will go back down.
