Impact of U S restrictions removal on Iraq dollar rate
The Central Bank of Iraq announced that the U.S. Treasury has lifted restrictions on a number of exchange companies after they met compliance standards, allowing them to participate in selling dollars to travelers. It is estimated that about 30 to 40 companies have completed the merger procedures within the "Class A" and "Class B" categories, while five companies are still under review. Although lifting these restrictions may contribute to supporting exchange rate stability, its tangible impact on prices remains unclear at this time, as the dollar’s rate continues to be linked to the volume of demand and supply in the market. Reports from experts indicate that these measures help organize sales processes and reduce pressure on banks, but they are not sufficient on their own to narrow the gap between the official rate and the parallel market rate, which continues to be influenced by external demand factors and international trade needs.
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