Al-Sudani reaffirms the government's commitment to ongoing financial and banking sector reforms

 
Baghdad-INA
 
 Prime Minister Mohammed S. Al-Sudani reaffirmed on Thursday, the government's commitment to ongoing financial and banking sector reforms.

 
“PM Al-Sudani reaffirmed the government's commitment to ongoing financial and banking sector reforms, continuing the joint efforts of regulatory bodies and financial institutions to ensure transparency and integrity in this crucial sector, he directed all relevant institutions to strictly adhere to the Central Bank of Iraq Law No. 56 of 2004, which empowers the Central Bank as the sole authority responsible for regulating and monitoring banks and financial institutions to ensure compliance, transparency, and integrity in this crucial sector,” stated  the Media Office of the Prime Minister in a statement received by The Iraqi News Agency-INA.
 
“The Association of Exchange Companies pledged to sell foreign currency to citizens at the official rate set by the Central Bank of Iraq, working seven days a week in adherence to regulations and instructions,” the statement added.
 
“A permanent committee, comprising representatives from the Central Bank of Iraq, the Office of the Prime Minister, and the Association of Exchange Companies, was formed to oversee and tackle obstacles in the sector's operations”, the statement continued.