The Financial Advisor to the Iraqi Prime Minister, Mudher Salih, confirmed that the government has adopted a series of strategic measures aimed at protecting the purchasing power of the dinar and curbing inflation. In official statements, Salih explained that monetary
policy focuses on achieving exchange rate stability to protect the national currency's external value, which has positively reflected on the price stability of essential and imported goods supported by foreign reserves. He pointed out that the decline in reserves, unchecked
monetary expansion, and overreliance on oil revenues pose the main challenges, emphasizing that strengthening the dinar's value requires a long-term reform path based on economic diversification, expanding electronic payment mechanisms, and enhancing financial inclusion, rather than relying on short-term administrative
decisions.
