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Iraq Investment Map2020-2021

Monetary Policy

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

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