The new Iraqi central governor: to strengthen the national currency

Shafaq News / In his first press statement since assuming the position, the new Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab, announced, on Thursday, a plan to strengthen the national currency.

A statement issued after his meeting with the President of the Supreme Judicial Council, Judge Fayeq Zaidan, and received by Shafaq News Agency, stated that "a deliberate banking plan has been developed that will develop the work of the central bank and strengthen the national currency in cooperation with the courts specialized in joint work with the Central Bank."

For his part, the President of the Supreme Judicial Council affirmed, "The selection of independent personalities from the employees of state institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state as well as emphasizing the importance of preserving the independence of the Central Bank in accordance with the constitution and the Central Bank of Iraq law."

He stressed the need to "adhere to banking laws, the law against money laundering and terrorist financing."

On September 14, Prime Minister Mustafa Al-Kadhimi made major changes in several positions, including Central Bank, Trade Bank of Iraq, Baghdad Municipality and the National Investment Commission.