Walkingstick
The CBI, they don't have to convince you or me that they're going to change the rate. They simply have to convey it to the citizens of Iraq.
It must be successful with the citizens. It must not fail with the citizens of Iraq or the whole monetary reform will crumble...they are not trying to gain your trust...they are trying to gain the trust of the Iraqi citizens.
Sandy Ingram
Article:
“Iraq Economy News for 2024, According to the IMF is not Good, Iraq Says Differently”
What the IMF is saying is Iraq’s economy forecast is leaning towards a negative because countries with currencies pegged to the US dollar, except Iraq’s central bank, have followed the US fed’s footsteps and adjusting the interest rates accordingly.
In other words Iraq did not follow in the footsteps of the Federal Reserve and as a result the IMF sees Iraq’s inflation rate at or around 9% in 2024 rather than at 3.5% the the Iraqi minister of planning announced. The 5.5% difference is enough to be concerned about.
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