IRAQ - Monetary analysis

IRAQ - The Central Bank of Iraq operates directly under the instruction of the government. As its activities are rather opaque, any analysis of policy is somewhat speculative, reports Quest Economics Database 27 March.

However, it is known that the central bank uses the black market to obtain US dollars for making purchases of capital goods and for the private expenditure of government and military personnel. The bank then prints dinars to finance these acquisitions of dollars. For this reason

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