From the cost-effective point of view, it is very important to design a current with the highest utilization factor of current capacity of power devices. This can be accomplished by a current controller without overshoot irrespective of the varying bounds of control voltage in PWM converters and the dead time due to the time delay. This paper suggests a novel decoupled controller with Smith-Predictor which has the fast control response without overshoot and steady stats error and also deal with the design method of the controller for PWM converters. The extensive digital simulations done by SIMULINK/MATLAB show that the suggested controller guarantees the full utilization of current capacity of power devices and the decoupled current control behavior.