The current rate of the Iraqi dinar

The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it’s not artificial or program rate. The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms. As I said before numerous times if and when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx. This is no overnight event.

Iraqi Dinar/US Dollar auction results 6-10-18
Iraqi dinar/Dollar and gold exchange rates in Iraq on Saturday 6-9-2018