Article: “The IMF mission commends the Central Bank of Iraq.” Quote: “…The CBI has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments …adjusting subscription limits for banks in CBI auctions, and improving liquidity forecasting tools and practices…This development has contributed to enhancing banks’ compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks. This step has resulted in narrowing the gap between the official dollar price and its parallel price, indicating relative success in curbing illegal speculation and reducing currency leakage...”
