Government Efforts to Strengthen the Iraqi Dinar Through Economic Diversification and Expanding Electronic Payments

Financial advisory bodies to the Iraqi government confirmed the implementation of a strategic package of measures aimed at preserving the purchasing power of the dinar and curbing inflation. Sources clarified that the policy of stabilizing the official exchange rate primarily aims to protect the external value of the national currency and ensure the stability of goods and services prices in the domestic market. They noted that financing imports through official banking channels has contributed to regulating the pricing system, emphasizing that appreciating the dinar requires a long-term reform path. This includes bolstering foreign reserves, reducing excessive reliance on oil revenues, controlling the parallel market, and expanding the adoption of electronic payment tools to achieve financial inclusion.