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Central Bank Governor: Establishing basic rules to monitor the remittance process

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Central Bank Governor: Establishing basic rules to monitor the remittance process
 
    Time: 03/14/2024 14:01:08 Read: 5,434 times
 
{Economic: Al-Furat News} The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the
 
     remittance process and
 
     analyze monetary operations.
 
The media department of the House of Representatives stated in a statement received by {Al-Furat News},
 
“The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss
 
     monetary policy, the
 
     banking system in the country, and
 
     ways to increase the value of the Iraqi dinar.” Al-Atwani stressed,
 
 “at the beginning of the hosting session, which was held at the committee’s headquarters, the
 
     importance of following up on the economic file and monetary policy, based on the supervisory side, and
 
     finding appropriate solutions to the obstacles facing the work of the Central Bank.”
 
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to
 
     increase the value of the Iraqi dinar,
 
     control the market in order to alleviate the burdens of citizens, and
 
     address the deficit.
 
For his part, the Governor of the Central Bank
 
     reviewed the economic and monetary aspects,
 
     pointing out the establishment of basic rules in order to
 
     monitor the remittance process and
 
     analyze monetary operations
 
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
 
The committee discussed with the Governor of the Central Bank the
 
     approved international standards,
 
     future plans to improve the status of banks, the
 
     possibility of expanding relations with international banks,
 
     drawing up the structure of banks, and
 
     moving towards the electronic payment process, in addition to the possibility of
 
     amending the Central Bank law.   
 
https://alforatnews.iq/news/محافظ-البنك-المركزي-%C2%A0وضع-قواعد-أساسية-لمراقبة-عملية-الحوالات-المالية  

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