Why is the US dollar exchange rate fluctuating in Iraq?

Why is the US dollar exchange rate fluctuating in Iraq?

⁠link to My FX Buddies Blog ⁠ https://www.myfxbuddies.com/2024/10/why-is-us-dollar-exchange-rate.html

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Transcript at https://rss.com/podcasts/myfxbuddies/

Once again, the fluctuation in the US dollar exchange rate has returned to the forefront, and this time it is due to speculators and merchants of crises and wars, exploiting the war currently being waged by the Zionist entity against our Arab people in Palestine and Lebanon and the confusing security situation resulting from that.
The current level is above 1,500 dinars on the black market,
and the continuation of this problem from time to time can be attributed to several reasons, including before 2023 the lack of control over the organization of foreign trade financing and the lack of a clear trade policy, the entanglement of policies and the lack of an annual import program for the private sector in terms of quantities and amounts, but imports are open and without controls on external transfers.