The dollar in Iraq... Al-Marsoumi expects the dinar to remain within a narrow range until the budget is finalized.

[RJG]

The dollar in Iraq... Al-Marsoumi expects the dinar to remain within a narrow range until the budget is finalized.

October 2, 2026Last updated: October 2, 2026

Independent/- Economic expert Nabil Al-Marsoumi said that the exchange rate of the Iraqi dinar against the dollar in the parallel market may remain within a limited range of fluctuation during the next stage, in the absence of major financial or economic variables capable of reducing the gap with the official rate or pushing it to further widen.

Al-Marsoumi wrote on his Facebook account under the title “The Dinar in the Tunnel”, that the exchange rate in the black market seems likely to remain at levels he described as “sticky”, expecting that the fluctuation movement will not exceed about 2% up or down.

Al-Marsoumi links the continuation of this situation to the course of the upcoming budget, considering that the market may remain in a state of waiting until the trends in spending and fiscal policy become clear, or an exceptional development appears that changes the calculations of supply and demand for the dollar.

This reading reflects a state of relative stability in the parallel market, but it does not necessarily mean the end of the pressures that caused the widening gap between the official dollar price and the price traded by exchange companies and unofficial markets.

The movement of the dollar in Iraq is affected by several factors, including commercial demand for foreign currency, the volume of liquidity in dinars, import financing mechanisms and foreign transfers, in addition to the measures taken by the Central Bank to regulate access to dollars through official banking channels.

Conversely, increased public spending or changes in foreign trade and remittances could put renewed pressure on the parallel market, while improved access to dollars through the banking system could narrow the gap with the official rate.

The description of the price as “sticky” indicates the possibility that the market will remain within a relatively stable price range for a period, without a clear trend towards a sharp rise or fall, unless a strong economic or financial factor emerges that breaks the current state of equilibrium.

The Iraqi markets are watching closely in the coming period the course of the budget and the financial and monetary policies associated with it, as they are among the most prominent factors capable of affecting the volume of liquidity and demand for the dollar.

According to Al-Marsoumi’s reading, the next phase may remain governed by limited fluctuations, but any major development in fiscal policy, dollar flows, or foreign trade mechanisms could quickly move the market into a new price range.

The most prominent question facing the market remains: Will the next phase succeed in narrowing the gap between the official and parallel prices, or will the

dinar continue inside what Al-Marsoumi described as the “tunnel”?

https://mustaqila.com/الدولار-في-العراق-المرسومي-يتوقع-بقاء/

[screwball]

On 10/3/2026 at 10:16 PM, RJG said:

conomic expert Nabil Al-Marsoumi said that the exchange rate of the Iraqi dinar against the dollar in the parallel market may remain within a limited range of fluctuation during the next stage, in the absence of major financial or economic variables capable of reducing the gap with the official rate or pushing it to further widen.

this tell me they are expecting something big to happen....hes telling you without telling you, read between the lines!