In Pimpy

People who are poor are not going to go to the bank to exchange their money when they can get a lot more dinar for the dollar…People are smuggling currencies out of Iraq to countries who are under sanctions.   How they’re doing it is by creating a black market.  They give you more dinars for your US dollar than you could get at the bank.  As you can see somebody’s sending $100 from the United States to somebody in Iraq who’s able to go to the black market and get 1550 dinars for every dollar will benefit by 23,000 dinars.  You can buy enough food to last your family anywhere from two to four weeks in Iraq.   [Post 2 of 2]