Page 9 - of Khadrun’, and that Mark said about the lineage of Jesus son of Mary that he was 'The word of God which He placed in the human body, so it became human’, and that Luke said, 'Jesus son of Mary and his mother were humans of flesh and blood, so the Ho
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Investor Guide to Iraq 2021
Monetary policy should control both the exchange rate and the rate of inflation. The sudden fluctuations in exchange rates have a
negative impact on the investment climate. It makes it difficult to study the feasibility of projects and is subject to loss as well.
The inflation rate has an impact on the pricing policies and the volume of production and its effect on production factors, the more
the monetary policy is expansionary the more investment attracting it shall be. The monetary policy applied by the Central Bank
of Iraq continued to be stable, which led to the stability of the rate of inflation and interest, which reflects positively on the
investment climate in Iraq.
Foreign exchange rate
Table (3)
US Dollar vs. Iraqi Dinar exchange rates averages for the period (2008-2015)
* Values in Iraqi Dinar
Year Market rate Auction rate
2008 1203 1193
2009 1185 1170
2010 1186 1170
2011 1196 1170`
2012 1233 1166
2013 1232 1166
2014 1214 1188
2015 1247 1187
2016 1240 1184
2017 1203 1182
*Iraqi Central Bank/ annual statistic group
www.investpromo.gov.iq 7
