PM:12:59:06/12/2025
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The Iraqi Prime Minister’s Financial Adviser, Mazhar Mohammed Salih, said Saturday that Iraq’s economy remains stable and annual inflation has fallen to 2.5 percent, despite recent volatility in the parallel exchange market.
Salih emphasized that the official exchange rate of the U.S. dollar against the Iraqi dinar remains fixed at 1,320 dinars, noting that the recent surge in the parallel market was a temporary fluctuation caused by inaccurate information, rumors, and short-term movements in unregulated currency markets.
He stressed that Iraq’s monetary policy continues to meet its medium-term goals of stabilizing prices and maintaining confidence in the official exchange rate. "Monetary policy remains committed to preserving overall price stability and controlling inflation, which has now dropped to normal levels of about 2.5%,” Salih said.
He also noted that the Central Bank of Iraq continues to monitor market activity closely to prevent speculative disturbances and to ensure a stable financial environment.