Central Bank Governor: Inflation in Iraq is the lowest in its history.
Central Bank Governor: Inflation in Iraq is the lowest in its history.
2025/09/14
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met with the Governor of the Bank of England, Andrew Bailey, in London. The meeting aimed to strengthen the historical relations between the two banks and discuss avenues for joint cooperation.
According to a statement from the Central Bank, a copy of which was received by {Euphrates News}, the two sides focused on “supporting the efforts of the Central Bank of Iraq and the Iraqi government in digital transformation. The Bank of England’s experience in modernizing its paper currency was also reviewed, in addition to its studies in the field of digital currencies.”
During the meeting, Al-Alaq highlighted the success of Iraq’s monetary policy in maintaining price stability, stressing that inflation rates have reached a historic low (less than 2%). The two sides also discussed the management of foreign reserves, particularly since the Central Bank of Iraq maintains a portion of these reserves with the Bank of England.
At the conclusion of the meeting, Al-Alaq called on his British counterpart to support Iraq’s efforts to join the Bank for International Settlements in Switzerland, given that the Bank of England is a member of the bank’s board of directors.
alforatnews.iq
