Episode notes
The dollar market is on “one leg”.. A new mechanism and the exchange rate is threatened!
link to My FX Buddies Blog
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The Central Bank of Iraq is preparing to stop dealing with the electronic platform for dollar transfers abroad, at a time when experts have warned against raising the exchange rate to a higher level in light of the news circulating about this. The electronic platform was launched in early 2023, and it represents a system for auditing dollar transfers before they are executed, instead of the audit that the US Federal Reserve used to conduct after execution.
Keywords
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iraqi news
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iraqi economy