Governor of the Central Bank: Setting basic rules to monitor the process of remittances
The Governor of the Central Bank, Ali Al-Alaq, pointed out, on Thursday, to set basic rules for monitoring the process of remittances and analyzing monetary operations.
The Media Department of the House of Representatives said in a statement received by {Euphrates News}, “The financial committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank Ali Al-Alaq met to discuss monetary policy and the banking system in the country and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed “at the beginning of the hosting held at the headquarters of the committee on the importance of following up the economic file and monetary policy, based on the regulatory hanab, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to relieve citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules for monitoring the process of remittances and analyzing cash operations.
Al-Alaq praised “the role played by the Finance Committee in following up the financial and economic movement of the country.”
The committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.