The Central Bank Governor, Ali Al-Alaq, refuted any change in the value of the dollar.
The main places from Al-Alaq’s press interview read as follows:
There is no intention to revaluate the exchange rates of the dollar.
The National Bank sells more than 250 million dollars daily at the official price.
The bank satisfies all the requirements of international trade, but a segment of people do not like the primary modes. This notion that the value of the dollar appreciates or depreciates does not hold as a guideline.
We did better than other countries in terms of managing growth.
By year-end, we shall have completed all our transfers abroad without passing through the US Federal Reserve.
The financial situation in Iraq remains within the boundaries of what is planned in the state’s general budget.
Governorate and ministry allocations are being shifted for the first time under the new budget and financial management law.
The Central Bank undergoes an important reform through the restructuring of foreign exchange.
Our foreign exchange policies are being implemented for the first time with the support of international institutions.
The small brokers—outside the system—come down ready, and a mechanism to guide their trading is about to be launched.
We focus on pushing everybody into the right fundamentalist pipelines.
The Central Bank opened the pipes for the Chinese, Turkish, Indian, and Emirati currencies.
– A new system for monitoring foreign currency transactions is to be introduced. – The commercial foreign transfers must be reviewed by the competent international company.
The meetings will be in New York late August, discussing the removal of sanctions on banks and evaluating the ops of relocation.
The dollar is not delivered to the Traveler until after the stamp.
This new component ensures that the dollar reaches 100% to the traveler, and we started with it in Baghdad, then, subsequently, Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk.
– The step that the government took in the budget to increase capital support for the Housing Fund and the Real Estate Bank The initiatives of the bank are majorly important and contribute to trying to fill the housing gap.
The clause on the capitalization of the Land Bank and the Accommodation Asset in the budget has yet to be implemented.
We don’t need bank sponsorship to replace investor obligations.
We directed the Land Bank to finance buildings whose completion rate stands between 80 and 90 percent.
