Dinar Exchange Rate Control: The Iraqi Central Bank’s Next Chapter
Iraq’s financial advisor, Mazhar Muhammad Salih, explains the Central Bank’s toughest challenge: link to My FX Buddies Blog
stabilizing the exchange rate while supporting economic growth.
In this deep-dive, we break down the new dual monetary framework Iraq is adopting—a flexible strategy designed to:
Control inflation
Stabilize the dinar's exchange rate without rigid fixing
Absorb shocks from volatile oil prices
Build stronger foreign reserves
Support non-oil sectors through targeted lending
Expand digital payments to reduce dollarization
Coordinate monetary + fiscal policy to strengthen…
The skinny
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