The Speaker of Parliament affirms the commitment to supporting the independence of monetary policy and monitoring the performance of the Central Bank.
Official statement…
The Speaker of Parliament, Hebat Al-Halbousi, received the Governor of the Central Bank, Ali Mohsen Al-Alaq, on Thursday.
The meeting discussed the reality of monetary policy in Iraq and prospects for enhancing its stability, in line with the requirements of macroeconomic stability, and stressed the importance of continued coordination between the House of Representatives and the Central Bank, in order to enhance the effectiveness of economic policies and achieve the desired development goals.
During the meeting, the Speaker of the Council emphasized the House of Representatives’ interest in monitoring the performance of the Central Bank of Iraq and its commitment to supporting the independence of monetary policy, stressing the importance of strengthening effective coordination between monetary and fiscal policies in order to contribute to achieving economic balance and reducing inflationary pressures.
He pointed out that the House of Representatives, based on its oversight and legislative role, affirms its monitoring of the procedures and policies adopted by the Central Bank, in order to enhance transparency and strengthen confidence in the banking sector, stressing the House’s readiness to provide the necessary legislative cover to support financial and banking reforms.
For his part, the Governor of the Central Bank reviewed the most prominent measures taken to enhance monetary stability, regulate the exchange market, and develop the banking sector, stressing that the bank will continue to work in accordance with best international practices and in a way that supports financial stability.
Media Office of the Speaker of Parliament,
April 16, 2026 link