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Podcast: My FX Buddies
Episode: Iraq’s Dollar Price Spikes: Parallel Market vs Official Rate Explained
Description: The dollar is climbing again in Iraq — crossing 1,430 IQD — and here’s why.link to My FX Buddies BlogIn this episode, we break down Prime Minister Al-Sudani’s financial advisor Mazhar Mohammed Salih’s latest statement explaining that speculators and cross-border traders are driving the rush toward the parallel market.Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddiesWe’ll explore:Why the parallel market becomes attractive when the dollar price dipsHow small-scale border trade is influencing over half of Iraq’s foreign tradeWhat this means for the official exchange rate and banking systemWhy enforcement, customs control, and anti-money laundering oversight are key to solving the problem...