ARTICLE AD BOX
Walkingstick reports that Iraq is no longer under any international sanctions, including financial restrictions.
The IMF has officially given Iraq full freedom to manage its exchange rate, confirming developments inside the Central Bank of Iraq (CBI).
The restrictions or "handcuffs" on Iraq’s currency have been removed, allowing the country to move forward.
Although Iraq is still in a legal transition phase, there are no active limitations on the CBI or its currency operations .
An update from Walkingstick’s Iraqi banking contact "Aki" indicates that while Aki himself hasn't seen the new exchange rate yet, his boss in Iraq has it and will share it when appropriate.
Both confirm there's frequent discussion about the new rate, with expectations that it could be between $2.00 and $3.00 USD per dinar, in their opinion.
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