With the beginning of the new year, the US dollar enters a new phase in Iraq.
- Author
- Tish Washington
- Published
- Tue 31 Dec 2024
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/With-the-beginning-of-the-new-year--the-US-dollar-enters-a-new-phase-in-Iraq-e2stib2
With the beginning of the new year, the US dollar enters a new phase in Iraq
link to My FX Buddies Blog
US dollar dealers in Iraq are awaiting the arrival of the new year 2025, which is now approaching and will end the work of the electronic platform for monitoring the movement and transfer of currencies outside the country, according to what the Central Bank of Iraq announced.
Financial and banking experts consider the suspension of the dollar selling platform by the Central Bank of Iraq a “bold step” as it has multiple economic and regulatory dimensions, but on the other hand, the suspension of the platform may open the door to new challenges.
Experts confirm that the success of this decision depends largely on how it is implemented. If the Central Bank is able to provide strong regulatory alternatives and ensure comprehensive awareness for traders and importers, it may be able to achieve the desired goals of this step.
