Central Bank Governor: Inflation In Iraq Is The Lowest In Its History
Time: 2025/09/14 13:25:09 Reading: 885 times {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met with the Governor of the Bank of England, Andrew Bailey, in London. The meeting aimed to strengthen the historical relations between the two banks and discuss avenues for joint cooperation.
According to a statement from the Central Bank, a copy of which was received by {Euphrates News}, the two sides focused on “supporting the efforts of the Central Bank of Iraq and the Iraqi government in digital transformation. The Bank of England’s experience in modernizing its paper currency was also reviewed, in addition to its studies in the field of digital currencies.”
During the meeting, Al-Alaq highlighted the success of Iraq’s monetary policy in maintaining price stability, stressing that inflation rates have reached a historic low (less than 2%). The two sides also discussed the management of foreign reserves, particularly since the Central Bank of Iraq maintains a portion of these reserves with the Bank of England.
At the conclusion of the meeting, Al-Alaq called on his British counterpart to support Iraq’s efforts to join the Bank for International Settlements in Switzerland, given that the Bank of England is a member of the bank’s board of directors.LINK
Central Bank: Our Monetary Policy Has Succeeded In Stabilizing Prices.
Banks Economy News – Baghdad The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, announced on Sunday that monetary policy has succeeded in stabilizing prices, while noting that inflation has reached 2%.
A statement from the bank, received by Al-Eqtisad News, stated that “the Governor of the Central Bank of Iraq met with the Governor of the Bank of England, Andrew Bailey, at the bank’s headquarters in London.
They discussed the historical relations between the two banks and ways to cooperate in supporting the efforts of the Iraqi government and the Central Bank of Iraq in the field of digital transformation, and benefiting from the Bank of England’s experience in modernizing its paper currency and its studies in digital currencies.”
During his speech, the Governor pointed to “the success of monetary policy in maintaining the stability of the general price level, as a fundamental objective of monetary policy,” stressing that inflation levels are the lowest in history, reaching less than 2%.
Al-Alaq touched on “the relationship between the two sides in the field of foreign reserves management, especially since the Central Bank of Iraq keeps a portion of its reserves in the vaults of the Bank of England.”
Al-Alaq called on Bailey to “support the efforts of the Central Bank of Iraq to join the Bank for International Settlements in Switzerland, given that the Bank of England is a member of the aforementioned bank’s board of directors’ https://economy-news.net/content.php?id=60014
The Planning Ministry Announced The Import Of More Than 28 Tons Of Gold Through Baghdad And Najaf Airports.
Economy | 09/14/2025 Mawazine News – Baghdad The Ministry of Planning announced, today, Sunday, the import of (28) tons and (298) kg of gold through Baghdad and Najaf airports, during the period extending from October 2023 until the end of December 2024.
The head of the Central Organization for Standardization and Quality Control, Fayyad Al-Dulaimi, explained in a statement that “about (4) tons were imported during the last three months of 2023, while the imported quantities during 2024 alone exceeded (24) tons.”
Al-Dulaimi indicated that “the jewelry department in the organization, after the opening of the two inspection units in the two aforementioned airports pursuant to the Council of Ministers’ decision, inspected and labeled all imported quantities, achieving financial revenues exceeding (5) billion and (536) million dinars.” https://www.mawazin.net/Details.aspx?jimare=266742
Al-Halbousi Discusses The Political Situation In The Country With The US Chargé d’Affaires.
Sunday, September 14, 2025, | Politics Number of reads: 267 Baghdad / NINA / The head of the Progress Party, Mohammed al-Halbousi, received today, Sunday, the new Chargé d’Affaires of the United States Embassy in Iraq, Joshua Harris.
According to a statement from al-Halbousi’s office, the meeting discussed the political situation in the country, the upcoming parliamentary elections, as well as international developments and their repercussions on the region. /End https://ninanews.com/Website/News/Details?Key=1251876
The Dollar Price Rose In Baghdad As The Stock Exchange Closed.
Economy | 04:42 – 09/14/2025 Mawazine News – Baghdad – The exchange rate of the US dollar against the Iraqi dinar witnessed a rise in the markets of the capital, Baghdad, with the closing of the stock exchange, on Sunday evening.
The Al-Kifah and Al-Harithiya stock exchanges recorded 143,000 dinars for every $100, after it was at 142,750 dinars in trading this morning.
Meanwhile, exchange rates in exchange shops in the local markets in Baghdad also witnessed a rise, as the selling price reached 144,000 dinars for every $100, while the buying price reached 142,000 dinars.
https://www.mawazin.net/Details.aspx?jimare=266755
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
