Ali Al-Alaq: The Central Bank followed a plan that positively affected the dollar exchange rate and its stability
The Governor of the Central Bank, Ali Al-Alaq, announced on Friday that foreign trade financing will continue to be conducted in various foreign currencies, in addition to the US dollar. He further added that the banking sector’s adherence to compliance rules has strengthened Iraq’s financial position globally. He also mentioned that the US State Department and the International Monetary Fund have expressed their support for the International Bank’s compliance procedures, which have further strengthened the banking sector’s commitment to these rules.