1500 Dinars per $1? The Warning from Erbil’s Market

The head of Erbil’s Exchange Market Council, Siyamand

link to My FX Buddies blog

Mawloud, has warned that if current conditions continue, the price of the dollar could climb to 1,500 dinars per $1 in the free market. The problem? Rejected merchant invoices and delays from the Central Bank of Iraq.

Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠....In this episode, we break down:

• Why 75% of Kurdish merchant invoices are being rejected or delayed.

• How this forces traders to turn to the black market for dollars.

• The impact of long waits (40+ days) on merchants trying to access official transfers.

• Why Mawloud believes lack of transparency at the Central Bank is worsening instability.

• What it means for the market if the exchange rate climbs toward 150,000 dinars per $100.

• The broader consequences for trade, inflation, and market confidence in Iraq.

The Central Bank’s next moves will be critical in either calming the market or fueling further volatility.

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💬 Comment below: Do you think the Central Bank should speed up merchant transfers to avoid a black-market surge?
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