In remarks at the Iraq Investment Forum, Central Bank of Iraq Governor Ali Mohsen Al-Allaq said the central bank has met its objectives for banking sector reform and has begun implementing them in line with its set timetable, positioning the sector as a key enabler for investment in Iraq. He also pointed to what he described as significant investment opportunities and progress by public and private institutions in developing an investment map aimed at generating financial returns. Al-Allaq said Iraq is experiencing the lowest inflation rates in its modern history and holds foreign reserves he described as sufficient to defend the exchange rate, linking these conditions to the central bank’s monetary policy performance and the creation of an environment supportive of investment.
Central Bank of Iraq 2025-09-28
Central Bank of Iraq governor reports implementation of banking sector reform plan and cites low inflation and adequate foreign reserves
Central Bank of Iraq Governor Ali Mohsen Al-Allaq announced at the Iraq Investment Forum that the central bank has achieved its banking sector reform objectives and is implementing them on schedule, enhancing the sector's role in investment. He highlighted Iraq's historically low inflation rates and adequate foreign reserves, attributing these to effective monetary policy and a supportive investment environment.