💸 Dinar in Danger? Iraq's Currency Struggles Between Two Worlds ⚖️🔥

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💸 Dinar in Danger? Iraq's Currency Struggles Between Two Worlds ⚖️🔥

Iraq's currency market is on edge, caught in a constant tug-of-war between the official rate and the parallel market — and it’s sending shockwaves through the economy.

📉 Dollar Chaos Hits Baghdad & Erbil

Despite government efforts, the USD exchange rate is rising again:
🔹 Official exchanges recorded 141,600 IQD for $100
🔹 Local markets are now selling at 142,500 IQD
🔹 Just weeks ago, it was 139,000 IQD — the rise is fast and worrying ⚠️

💥 Why the Volatility? Experts Point to 3 Major Pressures:

Scarcity of Dollar Supply vs. High Demand
Persistent trade with sanctioned countries + Central Bank delays
Gap between official & parallel rates → speculation & smuggling

🛃 Customs confusion and weak border control are also fueling instability.

🧠 Economic Voices Speak Out:

🔹 Ahmed Abd Rabbo warns the dollar surge could continue, driven by:

Online payment issues
Suspended remittances
Market panic

🔹 Abdul Rahman Al-Shaikhly urges deep reform:

Control import sources
Stabilize supply/demand
Monitor black market activity

💬 Traders and citizens alike are growing uneasy. Hopes of currency stability are fading as inflation fears return. The dream of a stronger dinar? Still alive — but under serious threat unless Iraq can tackle root problems, not just patch symptoms.

📌 Bottom Line:
Without bold action, the gap between official and parallel rates will keep growing, driving speculation, inflation, and public frustration. Iraq’s economy is demanding script async="" crossorigin="anonymous" src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-6009082504355829"> real reform — not just short-term fixes.

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