I have more trust in the Ministry of Finance than in the Central Bank of Iraq. The reason is that central banks, including Iraq’s, have to keep things secretive to avoid upsetting monetary policy. They can’t share information openly about things like interest rate changes, as it could shake the markets. For instance, in the U.S., the Federal Reserve doesn’t announce rate changes in advance because it would influence investor behavior. If there’s going to be a big change in currency value, like a revaluation, the Central Bank of Iraq would need to be very careful with their statements. I believe they might even share misleading information to create confusion, so people are unsure about future actions. This secretive approach makes it tough to feel confident in what they’re doing compared to the more transparent communication style of the Ministry of Finance.
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