Article: “Learn about the ‘secret operations room’ that monitors the pulse of the Iraqi economy and protects the dinar from fluctuations” Quote: “Central Bank of Iraq’s… Investment Department…is now described by economists as the ‘silent backbone’ of the Iraqi economy, alongside oil, and the foundation upon which the most significant financial transformations underway in the country are taking place…Bankers point out…the department’s activities aim to stabilize the exchange rate does not necessarily mean an immediate appreciation of the dinar. However, it is a strong indication that preparations for a stable monetary reform have effectively begun. These experts believe the Central Bank is waiting for the ‘safest moment’…given the extreme sensitivity of the Iraqi market. Any adjustment to the exchange rate system—whether an appreciation or a restructuring—requires a robust structure capable of absorbing shocks…” [Post 1 of 3…stay tuned]
