Iraq's Central Bank builds credibility with rock-steady dinar value (Zawya.com)

Iraqi Dinar stable due to prudent policies of making Central bank independent and issue of new banknotes in 2004.
CBI governor Sinan al-Shabibi was quoted by Reuters as forecasting that the inflation rate, estimated at 30 per cent in 2004, could fall to 20 per cent this year. The CBI currently estimates annual inflation at around 17 percent. As a result, Economist predict currency appreciation to 1,000 dinars to the dollar and even 500 if Gov. continue to pursue prudent policies.