Thursday, January 9, 2025

Governor of the Central Bank: There is no financial problem that threatens the salaries of employees and we have large resources, 9 JAN

 Governor of the Central Bank: There is no financial problem that threatens the salaries of employees and we have large resources

Baghdad – Mil

On Wednesday, the Governor of the Central Bank, Ali Al-Alak, assured all Iraqis that there is no financial problem that threatens the salaries of employees, stressing the availability of large resources.

“There is no financial problem that threatens the salaries of employees and we have great potential and resources,” Al-Alak told the official agency, noting that “the central bank’s reserves are high and able to cover the demand for the dollar.”

He added that “the Federal Bank praised Iraq’s procedures on foreign transfers,” noting that “the mechanism of granting dollars to the traveler secured his access to the beneficiary exclusively.”

He continued, “The parallel exchange rate is no longer an indicative price at all, and our reserves are immune and the central bank is independent,” stressing that “electronic payment is witnessing development and we have the best international systems of infrastructure.”

He pointed out that “we launched the project of establishing a national company for electronic payment and it has reached advanced stages,” adding that “commissions at the ports are not licensed by the Central Bank and we are working to close them and transfer them to exchange companies.”

He continued, “Incoming remittances are subject to the decision to limit dealing in dinars, and we allowed banks to import dollars and we were able to reduce smuggling operations.”

https://miliq.news/economy/41062–.html


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