At the start of 2026, Iraq’s currency market was hit by a sudden shock. ⁠ link to My FX Buddies Blog⁠ The US dollar surged rapidly in Baghdad exchanges, approaching 146,000 dinars, triggering what traders describe as commercial paralysis. Buying and selling halted as uncertainty spread, with demand for hard currency spiking sharply. In this video, we break down: What caused the sudden dollar jump Why markets froze instead of adjusting What this level means psychologically What traders and citizens are watching next This isn’t speculation — it’s what’s happening on the ground.

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