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Podcast: My FX Buddies
Episode: Dinar Exchange Rate Control: The Iraqi Central Bank’s Next Chapter
Description: Iraq’s financial advisor, Mazhar Muhammad Salih, explains the Central Bank’s toughest challenge: link to My FX Buddies Blogstabilizing the exchange rate while supporting economic growth.In this deep-dive, we break down the new dual monetary framework Iraq is adopting—a flexible strategy designed to:Control inflationStabilize the dinar's exchange rate without rigid fixingAbsorb shocks from volatile oil pricesBuild stronger foreign reservesSupport non-oil sectors through targeted lendingExpand digital payments to reduce dollarizationCoordinate moneta...