For many years, anybody who could present documentation for imported products could purchase dollars from Iraq’s central bank at the official rate. A large portion of such documentation was fraudulent.The low-cost official cash went directly to Tehran and the militias it supports. It is alleged that a single bank in Baghdad took 6.5 billion dollars from the auction using fake paper. Iran stood at the end of that deception, which was a supply line, receiving money that the US had deposited into Iraq’s account. It changed this morning. Iraq turned on the customs system ASYCUDA, which prevents the fraudulent document from being cleared. Alongside the retail breach, the central bank reduced the amount of cash that travelers may carry from $3,000 to $2,000 per month.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
