The Central Bank has been systematically decreasing the circulation of dinars, indicating that a shift regarding the Iraqi dinar is inevitable. A reduced currency supply alleviates pressure on the exchange rate, while Iraq continues to benefit from robust oil revenues. Additionally, there are reports of oil being transported illicitly across borders, and Iran has recently permitted Iraqi oil tankers to navigate the Strait of Hormuz. Furthermore, Iraq is intensifying its efforts to combat black market dollar sales, ensuring that the unofficial exchange rate remains closely aligned with the official rate. The Central Bank is actively managing the supply and demand for dollars on a daily basis, underscoring that the IQD operates as a managed currency rather than a free market one.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
