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FRANK26: "SECURITY & STABILITY BRINGS A NEW EXCHANGE RATE !!!".....F26
With the stability trilogy, monetary policy tames inflation and protects citizens' pockets.
6/25/2025
The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed that the monetary policy, whose objectives under the Iraqi Central Bank Law No. 56 of 2004 include reducing the growth in inflation rates to a stable path.
Speaking to Al Furat News Agency, he pointed out that "this policy was able to control demand levels and additional spending power in the economy, by sterilizing local liquidity by providing foreign currency at a stable official exchange rate for the dinar not exceeding 1,320 dinars per dollar, and on a scale that led to weakening the effects of the parallel market and reducing it to financing the country's foreign trade."
Saleh explained that "this came as a result of the cancellation of the foreign currency window at the beginning of this year and the adoption of the principle of foreign exchange bolstering to finance the country's foreign trade, praising the successes of this shift in terms of financing speed and compliance."
He added, "The success of the price defense policy adopted by the trade policy contributed to the remarkable spread of central markets in cooperation with the private sector, which reflected in the price moderation of these market components in a competitive manner, ensuring the stability of essential goods for citizens and others."
He explained that "the three policies, in combination, have had a positive impact on economic policy in promoting stability in citizens' cash income, with remarkable success over the past two years, as annual inflation growth did not exceed 3%, which is within the normal acceptable range for estimating annual price base growth in the country."
Saleh explained that "this came as a result of the cancellation of the foreign currency window at the beginning of this year and the adoption of the principle of foreign exchange bolstering to finance the country's foreign trade, praising the successes of this shift in terms of financing speed and compliance."
He added, "The success of the price defense policy adopted by the trade policy contributed to the remarkable spread of central markets in cooperation with the private sector, which reflected in the price moderation of these market components in a competitive manner, ensuring the stability of essential goods for citizens and others."
He explained that "the three policies, in combination, have had a positive impact on economic policy in promoting stability in citizens' cash income, with remarkable success over the past two years, as annual inflation growth did not exceed 3%, which is within the normal acceptable range for estimating annual price base growth in the country."
From.. Raghad
English (US) ·