Iraq’s Central Bank Governor, Ali Al-Alaq, reported that Iraq has become one of the top countries in controlling dollar sales, with a focus on transparency and accuracy. He warned against misinformation that may jeopardize the banking sector and emphasizes the need to promote Iraq’s achievements to build international confidence in its financial system.

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced that Iraq is now recognized as one of the leading countries globally in its management of dollar sales. In statements made to the Iraqi News Agency (INA), he highlighted that this process is conducted with notable transparency and accuracy, allowing citizens to verify their documents when traveling abroad.

Al-Alaq asserted that the mechanisms implemented for controlling dollar sales are unparalleled, being the most disciplined and controlled globally, as verified by international experts. He emphasized the detrimental effects of misinformation on Iraq’s interests and the banking sector, urging pride in the significant advancements the country is achieving.

He further elaborated that both the government and the Central Bank are diligently working to align practices with international standards and stressed the necessity of publicizing these achievements through media outlets. Al-Alaq also noted that promoting these developments is crucial for enhancing international confidence in Iraq’s banking sector, which is essential for the ongoing improvement of the nation’s financial system.

In conclusion, Iraq has made substantial strides in its management of dollar sales, achieving a level of control lauded by international observers. The Central Bank is committed to transparency and adherence to global standards, aiming to boost confidence in the banking sector. Addressing misinformation and highlighting these accomplishments in the media will be vital for Iraq’s financial growth.

Original Source: ina.iq