By John Lee.
Discussions were held on supporting monetary and economic stability and strengthening strategic cooperation between Iraq and the United States.
The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail Al-Alaq, met the Chargé d'Affaires of the United States Embassy in Iraq, Joshua Harris, on Thursday, to review prospects for enhancing cooperation and reinforcing monetary stability in line with Iraq's political and security requirements.
Harris said the United States is keen to strengthen its relationship with Iraq and support efforts that contribute to stability and prevent factors that could undermine economic or financial conditions. He also praised the reform progress undertaken by the CBI and its productive working relationship with the US Treasury and the Federal Reserve.
Al-Alaq expressed appreciation for continued US support, particularly through the Treasury and the Federal Reserve, including during quarterly coordination meetings. He outlined the banking reform plan, progress in stabilising external transfer operations, and measures to regulate US dollar sales in accordance with international best practices and standards.
Harris concluded by reaffirming full readiness to continue supporting the Central Bank of Iraq's efforts to strengthen financial and monetary stability.
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(Source: Central Bank of Iraq)
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