By John Lee.
The Executive Board of the International Monetary Fund (IMF) issued a statement on Wednesday (9th July) following the conclusion of its Article IV consultation with Iraq.
It projects an average exchange rate (dinar per US$) in each of 2025 and 2026 of 1300, the same as for 2024, adding:
"The CBI [Central Bank of Iraq] should be commended for the successful transition to the new trade finance system now fully managed by commercial banks through their CBRs, contributing to a reduction in the spread between the official and parallel market exchange rates."
[Update 14th July 2025: See follow-up statements here and here.]
[Update 16th July 2025: IMF Explains Iraq's Exchange Rate Arrangement.]
(Source: IMF)
WTF?! No dinar revaluation for next 2 years?
Nothing works in the future Iraqi plans with 1310. I can be the head of the IMF as sensible as they are. Nice crapola article Boyz,how bout some truth on the next one!!
Disgrace the country is rich in oil and you can grow anything in the soil there and proved it. Get a grip imf
raise it to .10 cents per dinar to USA
Where are the petro $$...Lord Bush used in his EO for war reparations?????..
Central Banks are most likely to blame
Hmmm 62 percent of the population still have no electricity, third world status, IMF why are you proud of 1300? Everyone in the world is not as low IQ as Democrats are European are. You bankers are responsible for ALL of this abuse, you and the military industrial complex. No shame with you demonic scum bags! Iraq was as prosperous as the US ,until evil Clinton and the Bushes and O
bama got involved all controlled by the CBI and IMF scum. Awful ?
I agree. What are we waiting for with bated breath? "1310?" (as Frank26 says...)