Why the Iraqi Dinar Isn't on Forex Yet. IQD Adjustment Timeline
Urgent: Why the Iraqi Dinar Isn't on Forex Yet. IQD Adjustment Timeline
Edu Matrix: 6-10-2025
Why isn't the Iraqi Dinar (IQD) traded on the Forex market? In this insightful video, we explore the critical factors keeping the IQD from gaining global traction.
Despite being listed on the forex market, the IQD faces limitations due to capital controls, lack of convertibility, and market confidence issues.
We dissect Iraq's currency auction system, the absence of a robust derivatives market, and the ongoing parallel forex operations. Dive deep into the essential reforms needed for Iraq to achieve IMF Article VIII status, which would pave the way for a fully convertible currency.
Stay tuned to discover how these developments could affect your investments!
OUTLINE:
00:00:00 Why the IQD is NOT Traded on the Forex Market, Yet
00:00:28 ot Like Major Currencies
00:00:43 None -Convertible Currency
00:01:09 Currency Auction System
00:01:32 No Futures Market for IQD
00:01:55 Parallel Forex Market in Iraq
00:02:17 No IMF Article VIII Status 0002:39 Reasons for Non-Global Trading
00:03:17 Reforms and Accessibility
00:03:37 Requirements for IMF Article VIII Status
00:04:15 Reforms Needed for Iraq
00:04:58 Currency Adjustment Timing