The central bank denies the existence of a problem in the liquidity of the Iraqi dinar

The governor of the Central Bank, Ali Al-Alaq, on Friday, denied the existence of a problem in the liquidity of the Iraqi dinar, while pointing to the imminent launch of the new mechanism for the traveler to obtain the dollar.

Al-Alaq said in a statement that “what is raised and rumored about the existence of a problem in the liquidity of the Iraqi dinar is not true and that the Central Bank continues to conduct the process of responding to requests related to liquidity as well as the Ministry of Finance.”

He pointed out that “the Central Bank is developing the mechanism for travelers to receive the dollar smoothly in Iraqi airports, some of which have completed the system with the presence of concerned exchange companies and banks distributing the dollar.”

Al-Alaq pointed out that “the new mechanism will come into effect soon and the traveler will receive the dollar by registering through the platform and receiving at the airport to ensure that the dollar reaches the real traveler.”

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Al-Sudani: 2025 will witness stopping the waste of billions after being satisfied with oil derivatives

Prime Minister Muhammad Shiaa Al-Sudani set 2025 as the date to stop importing petroleum derivatives, during his opening of the North Refinery in Baiji.

Al-Sudani stated, in a speech during the opening ceremony, that “this achievement and the previous achievements aim to complete the country’s needs for oil derivatives, the most recent of which was the opening of the Karbala refinery and another in Basra.”

He added, “This is today’s great achievement to achieve an important step on the way to declaring Iraq soon, God willing, after completing the rest of the projects no later than mid-2025, and God willing, the heroes will surprise us with a sooner date to announce the end of the import of oil derivatives and transfer this huge sum of money, billions of dollars, into Other aspects This is the real reform.

He pointed out that “reform is not a single word, it is not just a word, but rather action, planning, and a goal, and this is what we are working on.”

He continued, “The other side of this achievement was achieved through national effort as well. When we announced the start of the construction of this refinery, there were those who doubted this promise and said that the reasonable time limit ranged between 3-4 years, and we used to hear this from those who claimed specialization.”

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