10-05-2025
Iraqi President and CBI Governor discuss Economic Reforms
By John Lee.
President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq's financial sector and fostering sustainable growth.
They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework to attract investment and support development.
Full statement from the Office of the Iraqi President:
President Abdul Latif Jamal Rashid met with Central Bank Governor Ali Al-Alaq at Baghdad Palace for a discussion on comprehensive economic reforms designed to strengthen Iraq's financial sector and promote sustainable economic growth.
The meeting focused on the Central Bank's ongoing efforts to modernize the banking system, address current economic challenges and stabilize the local market. They agreed on the need for a robust financial framework to drive sustainable development and long-term growth.
"As we move forward, a strong financial policy framework will be key to unlocking Iraq's economic potential," President Rashid stated. "By fostering a supportive environment for the private sector and leveraging our stability, we can attract investment, generate employment and build a more prosperous future for all Iraqis."
Governor Al-Alaq expressed his appreciation for the President's leadership and reaffirmed the Central Bank's commitment to enhancing financial stability, reforming fiscal policy and supporting national development goals.
The meeting highlighted the importance of continued cooperation between the government and the Central Bank in driving Iraq's economic transformation and ensuring prosperity for its people.
(Source: Office of the Iraqi President)
