Ali Al-Alaq, governor of the Central Bank, discussed the value of remittances sent abroad and the value of the dollar.
Al-Alaq said in a proclamation got uninvolved of his facilitating in the Place of Delegates that “our unfamiliar cash holds are adequate to make balance on the lookout,” demonstrating that “the National Bank offers in excess of 250 million bucks everyday to meet the necessities of unfamiliar exchange.”
He added, “85% of unfamiliar exchanges are as of now occurring between Iraqi banks and reporter banks without going through the US Central bank,” making sense of that “the lodging drive is vital to the bank.”
He explained that “the Central Bank is now heading to cover the financing of the construction of 32 thousand housing units” and that “the volume of loans granted within the real estate initiative amounts to 10 trillion dinars.”
