Article: “The evaluation of the central bank’s policy journey for 22 years” They wanted to go do back from 2003 because inflation was so high, it exceeded 35%, now it’s 3% or 5%…Huge difference now. The stability Iraq has proven with their gold…foreign reserves …non-oil income…taxes and tariffs…electronic system…all of that is going to support the value of their new currency. Everything was based off just oil. It’s not going to be that way anymore. The real effective exchange rate is going to be based off real analysis in real time, international standards rules just like Iraq has done in the past, long long time ago.
