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Central Bank: We will continue to work on the sustainability of the Iraqi financial and banking system
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Economy News / Baghdad
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Added 02/07/2023 - 5:58 PM
Updated 2023/02/07 - 11:21 PM
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Economy News / Baghdad
The Governor of the Central Bank, Ali Mohsen Al-Alaq, confirmed, on Tuesday, working with the government on the sustainability of the Iraqi financial and banking system.
Al-Alaq said in a statement, "I extend my sincere thanks and gratitude to the Prime Minister and distinguished members of the Council for the rapid response to the decision of the Central Bank of Iraq to reduce the exchange rate for the dollar in order to alleviate the burden of citizens."
Al-Alaq indicated that "the bank and the government will continue efforts and fruitful coordination to achieve the desired goal."
He added, "We pledge our people to exert more efforts to enhance their confidence in their national currency and to preserve the integrity and sustainability of the financial and banking system."
Earlier in the day, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar.
Views 218
Added 02/07/2023 - 5:58 PM
Updated 2023/02/07 - 11:21 PM
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