Recently the central bank has limited the daily currency auctions which is affected the spread. It is reported at over 1250 to $1. This is around 5% which is out of compliance with the IMF requirements… Iraq must maintain stability within 2% or less in order to meet compliance and transition out of IMF Article XIV to VIII…Iraq must get their spread in compliance and hold it for at least 90 days before the IMF would consider allowing them to exit Article XIV.
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