By John Lee.
In his latest monthly investment report for Iraq Business News, Ahmed Tabaqchali shows that the gap between the parallel and official exchange rates for the Iraqi dinar (IQD) had already been rising before the U.S.-Israel war on Iran started, due to domestic customs policy changes making it harder for informal importers to transfer money across borders.
When the war began, the gap barely reacted (only a 2.5% spike), and has since settled back in line with that pre-existing trend, suggesting the war had little lasting impact on this particular exchange rate dynamic.
Click here to read Ahmed Tabaqchali's full report.
See also:
IQD in the Crossfire: What a Trump-Iran Conflict Could Mean for Iraq's Dinar
Top 10 Dinar Articles from February
Central Bank Advances Iraqi Banking Reform, Eases Foreign Transactions
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