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Kaperoni: "...exchange rate regime from fixed to float will begin to allow the dinar to rise gradually"

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Kaperoni: "...exchange rate regime from fixed to float will begin to allow the dinar to rise gradually"

Post by RamblerNash on Thu Oct 25, 2018 10:49 pm


Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy.  I've always felt this consultation will occur before any significant monetary change.  If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business.  Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually.  And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.


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