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The Policy of Iraqi Central in targeting the inflation | ||
| Economic Sciences | ||
| Article 1, Volume 8, Issue 31, 2013, Pages 46-62 PDF (0 K) | ||
| Author | ||
| Dr. Adbul Jabbar Alhelfi | ||
| Abstract | ||
| Since 2005, the Iraqi central bank tries to follow a strict monetary policy, in order to reduce a high level of inflation. This policy is used a balance tools to sell the American dollar in to face the high inflation level of Iraqi economy. However, it has led to improve the exchange rate of Iraqi currency from 1500 Dinar for each Iraqi Dinar in 2005 to 1170 on 2010. In addition, the another interfering policy represented by affecting the interest rate as a strict policy which lead to reduce the inflation level from 65% in 2005 to 35% in 2008, and then to 15% in 2010. Furthermore, the central bank has raised the interest rate to 16% in an attempt to attract a high quantity of Iraqi currency, as well as, re assessment the interest rate subsequently. This paper tackles the following points: 1. A theoretical framework. 2. Features of Iraqi economy. 3. The monetary policy of Iraqi economy. 4. Conclusions and recommendations | ||
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