Almasalah

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Valid for the central bank governor: the need to follow a balanced monetary policy

President Barham Saleh, on Thursday, stressed the need to follow a balanced monetary policy and work to strengthen the financial situation through diversification of state resources and rationalization of government spending.

In a statement received to the “obelisk”, the Presidential Information Office said that the President of the Republic, Barham Salih, had received, at the Baghdad Palace, the Governor of the Central Bank of Iraq, Ali Mohsen Ismail al-Alaq.

Saleh stressed, according to the statement, the need to follow a balanced monetary policy, and work to strengthen the financial situation through diversification of state resources and rationalization of government spending, especially in the current circumstances in which the country is facing the Corona pandemic, and low oil imports.

The President of the Republic stressed the importance of following rational financial policies that would achieve the supreme national interest and help Iraq overcome the current crisis and achieve economic stability for citizens.

In turn, Al-Alaq reviewed the role of the Central Bank to reduce the economic repercussions of the Corona pandemic, expressing his thanks and appreciation for the interest shown by the President of the Republic to the bank in this sensitive circumstance. Source