A New Currency for Iraq

Book description

The Iraqi Currency Exchange October 2003- January 2004 Some 30 months after the end of the Saddam regime, Iraq is rarely out of the news: suicide bombings, political difficulties, a continuing struggle to restore power and water supplies. The general impression is of a lack of progress in building a new Iraq. However there has been spectacular progress in one crucial area: central banking. The rapid restoration of monetary stability, and introduction of a usable and trusted currency have created a dinar that has been stable since early 2004, and has ended previously all-pervasive concerns about exchange rate volatility and widespread counterfeiting. 'A New Currency for Iraq' tells the story of the successful introduction of the new currency and the simultaneous stabilisation of the exchange rate in the face of the insurgency. It is a tale of the Coalition and the Iraqi authorities working together to introduce the new Iraqi dinar. It is also a demonstration that good central banking is possible even in the most challenging circumstances, and in a way that makes a difference to millions of ordinary people. The book will appeal to a wide range of readers, from those interested in Iraq's transition to those considering a currency exchange in other countries. It is not the end of the story by any means, but does represent a remarkably successful beginning This book describes: - the economic background to the currency exchange - the policy discussions - the detailed logistical planning - the implementation of the exchange - the policies introduced to stabilise the exchange rate

Book details

ISBN

9781902182407

Publish date

25 Aug 2009

Format

Size

155mm x 235mm

Editor biography

Various

Author biography unavailable.