The Governor of the central bank of Iraq, Ali Mohsen Al-Alaq, met with bank of england Governor Andrew Bailey in London to discuss strengthening cooperation in financial policy, digital transformation, and currency control.
Talks protected Iraq’s interest in drawing on the bank of england’s information in updating banknotes and exploring studies on digital currencies.
Al-Alaq highlighted that Iraq’s financial coverage has succeeded in keeping normal charge stability, with inflation dropping to beneath two percentage, the bottom degree within the usa’s records.
the 2 aspects also reviewed cooperation on foreign reserve management, as part of Iraq’s holdings are saved inside the bank of britain’s vaults.
Al-Alaq further entreated Bailey to again Iraq’s request to join the bank for international Settlements in Switzerland, noting the financial institution of england’s function at the BIS board.
