THE CENTRAL BANK GOVERNOR PARTICIPATES IN THE SIN DIALOGUE FORUM
(Mnt Goat: When the CBI talks, I listen….)
Under the slogan “Solutions are born and plans are formulated from the heart of crises,” the Sin Dialogue Forum organized a dialogue session that hosted His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, with broad participation from decision-makers, experts, and specialists in various sectors. The session, titled “From Restricted Rent to Renewable Production: Iraq’s Path Towards a Sustainable and Renewable Economy,” focused on the transition towards a diversified and sustainable economy and reducing reliance on rentier resources. It also presented visions for enhancing national production and revitalizing various economic sectors.
His Excellency the Governor stated that the Central Bank is working to achieve economic and financial stability, despite the challenges facing the country, emphasizing that salaries are guaranteed and will not be interrupted, indicating the financial system’s ability to continue operating.
He explained that the Central Bank has adopted a policy of “working quietly” to preserve monetary reserves and confront crises, including the repercussions of declining oil prices. He recalled the Central Bank’s role during the 2014 crisis, adding that the current financial situation is less severe compared to that period, and that foreign transfers and cash sales to travelers are proceeding smoothly and efficiently.
His Excellency pointed out that the bank continues to support the government in addressing the accumulated financial imbalances resulting from the crises of past years, explaining that it has worked to regulate dollar sales and foreign transfers according to strict compliance standards, with the aim of enhancing transparency and financial stability in Iraq.
Central Bank of Iraq,
Media Office,
May 2, 2026