By John Lee.
On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar.
Al-Atwani stressed the importance of monitoring the economic file and monetary policy based on oversight principles. He highlighted the necessity of finding appropriate solutions to the obstacles facing the Central Bank's operations.
The Committee expressed its desire to coordinate with the Central Bank to enhance the value of the Iraqi dinar, stabilize the market to alleviate the burden on citizens, and address deficits.
The Central Bank Governor reviewed the economic and monetary aspects, emphasizing the establishment of fundamental rules to monitor transfers and analyze cash operations. He commended the Finance Committee's role in monitoring the country's financial and economic movements.
The Committee discussed with the Central Bank Governor the adopted international standards, future plans to improve banking institutions, possibilities for expanding relations with international banks, restructuring the banking sector, transitioning towards electronic payments, and the potential amendment of the Central Bank law.
(Source: Iraqi Parliament)
The post Central Bank discusses Increasing the Value of the Iraqi Dinar first appeared on Iraq Business News.
