Economic Developments – Baghdad
President Abdul Latif Jamal Rashid emphasized the importance of implementing monetary policies that bolster financial stability during a recent meeting with the Governor of the Central Bank of Iraq.
According to a statement from his office, President Rashid met with Central Bank Governor Ali Mohsen Al-Alaq at the Baghdad Palace to discuss the nation’s financial and economic landscape. The discussions focused on strategies for reforming and advancing the banking sector while adopting monetary policies aimed at enhancing financial stability and promoting economic growth.
The President highlighted the necessity of adhering to well-defined criteria that would improve the services available to citizens. He also stressed the critical role of encouraging and attracting investments, particularly through the support of the private sector, thereby leveraging the stable security conditions in the country to strengthen this initiative.
In response, the Central Bank Governor provided an overview of the bank’s initiatives aimed at addressing ongoing economic challenges.
