Central Bank of Iraq Affirms Dollar Sale Control
On Saturday, Ali Al-Alaq, the Governor of the Central Bank of Iraq, declared that Iraq has positioned itself among the leading countries globally in terms of effectively managing dollar sales. In a recent interview, Al-Alaq underscored, “Iraq has today emerged as one of the top countries worldwide in dollar sale management. This process is executed with utmost transparency and precision, ensuring that citizens receive equitable treatment backed by necessary documentation when leaving the country.” He elaborated that this robust mechanism is deemed the most disciplined and transparent worldwide, as affirmed by international experts.
Al-Alaq also addressed the impact of misinformation, emphasizing that “false news and media distortions could undermine Iraq’s interests and the integrity of its banking sector.” He highlighted the significant advancements taking place within Iraq, stressing the collaborative efforts of the government and the central bank to reinforce sound practices that align with international standards. He encouraged greater media emphasis on these milestones, stating, “Showcasing these transformations and developments is crucial for enhancing international confidence in the Iraqi banking sector. This confidence is vital for the ongoing development of Iraq’s financial system.”
These statements from the Central Bank’s Governor reflect a commitment to not only stabilize the banking environment but also to promote a positive image of Iraq’s economic reforms internationally.
