[ltr]2023.02.15 - 08:41[/ltr]
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed, on Wednesday, that the platform was found to protect the banking sector, while indicating the central bank’s determination to stabilize the exchange rate of the dollar.
Al-Alaq said in a statement to the official agency, followed by “NAS”, (February 15, 2023), that “the new electronic platform is to avoid any penalties imposed on the parties that carry out transfer operations, whether they are banks or others, as it is a protection for the banking sector, the central bank and banks from falling into any forms.” It is related to foreign financial transfers, and this serves all parties."
On the exchange rate of the dollar, Al-Alaq explained, “The responsibility of the central bank is to close the difference in the exchange rate, and our steps are serious and vigorous, and we receive great support from all parties to achieve the goal.” He added, “Our discussions with the International Monetary Fund were very fruitful, and we agreed on programs that serve properly directly or indirectly to achieve this goal.
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