The Ministry of Finance is discussing with the Central Bank ways to increase the value of the Iraqi dinar

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The Ministry of Finance is discussing with the Central Bank ways to increase the value of the Iraqi dinar

Today, Thursday, the Parliamentary Finance Committee met with the Central Bank of Iraq to discuss monetary policy, the country’s banking sector, and strategies to boost the Iraqi dinar’s value.

This occurred at a meeting between the committee, led by Atwan Al-Atwani and attended by its members, and the Governor of the Central Bank, Ali Al-Alaq, according to a statement published by Parliamentary Finance.

At the start of the event, which took place at the committee’s headquarters, Al-Atwani emphasized the significance of following up on the economic file and monetary policy from a supervisory standpoint, as well as identifying suitable solutions to the Central Bank’s work-related impediments.

The Finance Committee also indicated a desire to work with the Central Bank to improve the value of the Iraqi dinar, manage the market in order to alleviate residents’ responsibilities, and reduce the deficit.

For his part, the Central Bank Governor discussed the economic and monetary issues, emphasizing the adoption of fundamental norms for monitoring the remittance process and analyzing monetary activities.

The statement went on to say that the committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, designing bank structures, and transitioning to electronic payment processes, as well as the possibility of amending Central Bank law.