The Governor of the Central Bank discusses with the U.S. side support for monetary stability
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The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail Al-Alaq, received the Chargé d’Affaires of the United States Embassy in Iraq, Mr. Josh Harris. The meeting discussed prospects for strengthening the strategic partnership between the two countries and emphasized the importance of supporting monetary and economic stability in a manner consistent with the requirements of political and security stability in Iraq.
The U.S. Chargé d’Affaires, Mr. Harris, stressed the importance of a strong partnership between the United States and Iraq that delivers tangible benefits to both Americans and Iraqis, within the framework of advancing shared interests. This includes safeguarding Iraq’s sovereignty, enhancing regional stability, and strengthening economic ties. He also underscored that the presence of Iraqi institutions capable of operating effectively and transparently with the United States is essential to keeping Iraq on a path toward prosperity and protecting its economy from malign influence.
For his part, the Governor expressed his gratitude and appreciation for the continued support provided by the United States, represented by the Department of the Treasury and the Federal Reserve, particularly during the quarterly meetings. He also outlined the banking reform plan and highlighted the notable progress achieved in stabilizing external transfer operations, as well as regulating the sale of U.S. dollars in accordance with best practices and international standards.
At the conclusion of the meeting, Mr. Harris expressed his full readiness to continue supporting the efforts of the Central Bank of Iraq, enabling it to achieve its objectives of enhancing financial and monetary stability.
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