Middle East Economic Survey


No 44


Exchange Rate Regime, Speculation And Price Stability In Iraq

By Ali Merza

The following article was written for MEES by Dr Merza who has worked for the Iraqi ministries of oil and planning and for the UN Department of Economics and Social Affairs.

Nominally, the Central Bank of Iraq (CBI) is following a flexible-exchange-rate regime. The main reason usually advanced for flexibility is the possible, and usually probable, fluctuation in...