Iraqi Dinar Brief - October 22, 2026: Iraq Puts Its Banks on Overtime
The free dinar summary for October 22, 2026: Iraq Puts Its Banks on Overtime.
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Iraq's Central Bank has told the country's banks to work holiday hours to clear transfers abroad, and four banks open on Fridays. Its adviser says roughly $3 billion of transfers booked before the rate change was paid at the old rate.
The same week the 2027 budget went back to the Finance Ministry, Washington asked Baghdad to vet every state contract for money reaching Iran, and a crossing with Iran was shut, with Baghdad and other sources giving different reasons. Baghdad's street closed Wednesday at 168,900 IQD for $100, against the bank's 152,000.
Today's Read looks at what the bank is clearing, and the one test for the IQD you hold.
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