The Central Bank of Iraq’s Governor, Ali Mohsen Al-Allaq, used remarks at a Ministry of Finance-hosted conference on “The Future of Financial Markets in Iraq in the Era of Contemporary Transformations” to call for accelerated development of Iraq’s financial markets, arguing that rapid technological and policy change requires institutions that can adapt and innovate rather than rely on traditional models. The speech pointed to the last two decades’ digital revolution as creating opportunities to digitise trading, enhance transparency, develop banking services and attract technical investment. It also highlighted recent efforts in Iraq to strengthen the financial structure, citing monetary stability reflected in low inflation and the Central Bank’s role in stimulating domestic debt markets and financing the economy through bond issuances; over the past two years, issuances conducted with the Ministry of Finance, the Securities Commission and the Iraqi Stock Exchange were described as covering more than 50% of financing needs at an annual rate of IQD 5 trillion. In closing, the Governor emphasised modern strategies to develop Iraqi financial markets, enhance transparency, expand financing instruments and keep pace with global digital transformations, and said the Central Bank of Iraq supports these steps.
Central Bank of Iraq 2025-12-10
Central Bank of Iraq governor urges modernisation of Iraq’s financial markets and highlights IQD 5 trillion annual bond issuance financing
The Central Bank of Iraq's Governor, Ali Mohsen Al-Allaq, emphasized the need for accelerated development of Iraq’s financial markets to adapt to rapid technological and policy changes, highlighting efforts to digitize trading, enhance transparency, and stimulate domestic debt markets through bond issuances covering over 50% of financing needs at an annual rate of IQD 5 trillion.