Central Bank: Iraq’s monetary position is very excellent
Central Bank: Iraq’s monetary position is very excellent
12-2-2024
Information/Baghdad…
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, confirmed that the country’s monetary position is very excellent, noting that there are no real fears of any economic crises occurring here or there.
Al-Alaq said in an interview with the official newspaper, “The monetary position in Iraq is (very excellent) at the present time in terms of controlling inflation and the high adequacy of foreign reserves, which enables the Central Bank to remain stable, defend the exchange rate, and achieve monetary stability, despite the circumstances surrounding the country and the region.”
He explained that “the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks in the region.”
He pointed out that “the Central Bank adopts an unconventional monetary policy, which is not based only on achieving monetary stability.”
almaalomah.me
