EconomyBreakingU.S. Treasury DepartmentCentral Bank Of IraqDollar Exchange Rate
2023-04-12 00:52Font
Shafaq News / The U.S. Treasury Department on Wednesday showed “great flexibility and readiness” to help the Central Bank of Iraq stabilize the dollar’s exchange rate against the dinar.
This came during the meeting of the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, today, with the Assistant Secretary of the Treasury Brian Nelson on the sidelines of the annual meetings of the Monetary Fund and the World Bank, according to a statement issued by the Media Office of the Central Bank and reported to Shafaq News Agency.
The statement said that the two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, noting that the US Treasury showed great flexibility and readiness to assist the Central Bank of Iraq in its efforts to stabilize the exchange rate.
The statement quoted the governor as confirmation that he agreed with the US Assistant Secretary of the Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps agreed upon during the meeting, within a short period.
Meetings of the Iraqi delegation with the IMF and the World Bank began in Washington, D.C., on Wednesday, in the presence of Al-Alaq and Finance Minister Taif Sami.
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