Stable currency iraqi dinar... The international monetary fund suggests stable iraqi dinar.

1. THE INTERNATIONAL MONETARY FUND SUGGESTS STABLE IRAQI DINAR
A very recent report by the International Monetary Fund (IMF) has stated that the value of Iraqi dinar
is current relying well at 1170 dinars per 1 US dollar.The report by the IMF also states that the
Central Bank of Iraq will keep on working to control the rate of inflation in the domain, by monitoring
and maintaining a stable exchange rate of Iraqi dinar. The stability in the inflation rate of Iraq do not
propose any sort of big valuation of Iraqi dinar whereas a good exchange rate of Iraqi dinar will
provide a good platform to the expectations of the public of Iraq. Moreover the report also says that
the Central Bank of Iraq will try to keep its policy interest rate pretty positive in the real manner.
There are many financial issues which are being taken care of and the Central Bank of Iraq will
introduce some more financial rules pretty soon as well.
It says that the IMF thoroughly supports the policy of the Central Bank of Iraq to maintenance the
exchange rate of Iraqi dinar to keep the ratio of inflation in the country low. A stable exchange rate
will provide a lot of trust to the public of Iraq and it will also provide a solid anchor to the public’
expectations in a critical environment. The increasing revenue with the export of crude oil will also
help the country to stabilize economically.
Currently the Central Bank of Iraq is working with the IMF and the World Bank to cater new financial
solutions for the country in order to stabilize the country economically. Moreover a new financial
system is being introduced in the country which is expected to work well in the present condition of
Iraq. Moreover the CBI is also aiming to re-denominate the Iraqi dinar in order to make the
transactions simple for the people of Iraq.
It is expected that the new financial system will drag the country out of the financial turmoil and it
will also stabilize the value of the Iraqi dinar. In order to control the inflation in the country and in
order to counter the problem of unemployment in the country it is important for the government of
Iraq to take daring steps.