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Podcast: My FX Buddies
Episode: A reading of the Central Bank’s decision to allow “importing the dollar”... What does it mean and how?
Description: A reading of the Central Bank’s decision to allow “importing the dollar”... What does it mean and how?
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The instructions issued by the Central Bank of Iraq yesterday, Wednesday (November 8, 2023), regarding allowing banks to import foreign currency from abroad, raised a number of questions and discussions in economic circles about the legality, motives, and goals of this step.
The discussion was topped by some recalling the decision of the State Shura Council in 2011, to infer the lack of legal basis for the decision to import foreign currency, as the St...