Iraq “Capable of Defending Exchange Rate” – Central Bank

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Iraq "Capable of Defending Exchange Rate" - Central Bank

The Governor of the relevant financial institution of Iraq (CBI), Ali Mohsen Al-Alaq, introduced on Sunday that Iraq is presently witnessing the bottom inflation levels in its modern history.

talking at the Iraq investment discussion board, he stated that the usa enjoys “comfy” foreign currency reserves able to protecting the alternate fee, at the same time as monetary coverage has successfully created a solid environment for investment.

in line with the nation-run dinaropinions.com, Al-Alaq highlighted that economic and monetary stability has been done via day by day valuable bank regulations, prudent reserve control, and reforms within the banking quarter.

He brought that controlling inflation and making sure solid charges offer a crucial foundation for non-public area pastime and investor self assurance.