{Economic: Al-Furat News} The governor of the Central Bank of Iraq, Ali Al-Alaq, denied the existence of a scarcity in the stock of the Iraqi dinar.
“The financial situation of the state is at a good level,” Al-Alaq said in a press statement, noting that “the size of the cash mass or currency exported is more than 100 trillion dinars, 70 percent of which is in circulation.”
He pointed out that “there are a large number of troubled projects and accelerated work to address them, and the Prime Minister pays great attention to this file,” noting “a wide movement regarding the demand for investment projects in the country.”
He pointed out that “these are positive indicators that benefit from the state of stability in the country and the stability of the financial and monetary conditions,” stressing that “the orientation of electronic payment aims to reduce the phenomenon of the monetary economy and keep pace with development that serves the citizen, the state and the economy.”
Al-Alaq said that “retaining criticism and hoarding only carries risks and the world is heading towards digital transformation, which is considered the fourth revolution in the world,” referring to “a broad strategic plan to expand by switching to electronic payment.”
