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Podcast: My FX Buddies
Episode: Parallel Dollar Surges to 1550 — CBI Blames Traders and Citizens
Description: The Iraqi dinar continues to weaken in the parallel market, link to My FX Buddies Blogreaching 153,000 dinars per $100, while the Central Bank of Iraq says it is not responsible for the widening gap between the official and market exchange rates.In this update we break down:• Why the dollar is rising in the parallel market• The impact of the ASYCUDA customs system• Why traders are avoiding the official platform• 22 Iraqi banks barred from dollar transactions• The Oliver Wyman banking reform plan• Is this policy failure… or market evas...