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 long-term stability

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If you're following Iraq’s financial transformation — this is a must-watch.

📌 Sources: Government advisors, Al-Furat News, Central Bank insights
📌 Follow for more economic updates on Iraq, FX trends, and global shifts.

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