Ali Al-Alaq, head of the Central Bank speaks out on the cost of transfers abroad and the price of the dollar.
Al-Alaq, in a separate statement by his mediation received in the House of Representatives, stated that “our foreign currency reserves are sufficient to achieve stability in the market” and that “the Central Bank offers more than 250 million dollars per day in order to cover the needs of foreign trade.”
He added, “85% of unfamiliar exchanges are as of now occurring between Iraqi banks and reporter banks without going through the US Central bank,” making human sense of that “the lodging drive is vital to the bank.”
He elucidated that “the Central Bank is now heading to cover the financing of the construction of 32 thousand housing units” and that “the volum
