KRI Leaders Meet with Governor of Central Bank of Iraq, 20 OCT

KRI Leaders Meet with Governor of Central Bank of Iraq

President Nechirvan Barzani met with the Governor of the Central Bank of Iraq, Mr. Ali Mohsen al-Alaq, on October 19. The purpose of their meeting was to exchange views on the financial situation in Iraq, including the value of the Iraqi dinar, the Central Bank’s efforts to create financial and economic stability, and investment opportunities in Iraq.

President Nechirvan Barzani expressed his appreciation for the Central Bank of Iraq’s commendable efforts to maintain the dinar’s value in the face of mounting challenges. He also highlighted the priorities of the Central Bank in addressing the challenges and resolving cash and financial problems.

They both stressed the importance of cooperation and coordination by banks in Iraq and the Kurdistan Region with the Central Bank of Iraq.

The Governor also was received by Prime Minister Masrour Barzani on the same day. The focus of the meeting was to reinforce coordination between the Kurdistan Region, the federal government, and the central bank, with a particular emphasis on banking sector reforms, anti-money laundering efforts, and initiatives dedicated to bolstering economic stability.

Prime Minister Barzani referenced the “My Account” initiative and conveyed his appreciation for the collaborative support received from both the central bank’s Governor and Prime Minister Mohammed Shia’ Al Sudani. He emphasised that the progress of the Kurdistan Region signifies advancement for all of Iraq and serves the collective interests of the public.

There is mutual understanding regarding the significance of sustaining and advancing coordination and cooperation to promote economic development and ensure financial stability.

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