CBI denies audio recording attributed to Al-Alaq

Economy

Yesterday, 21:19

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Baghdad - INA

A responsible source at the Central Bank denied today, Thursday, an audio recording attributed to the Governor of the Central Bank, Ali Al-Alaq.

The source told the Iraqi News Agency (INA) that "there is no truth to the recording attributed to the Governor of the Central Bank, Ali Al-Alaq, in which he spoke about smuggling $250 million daily through remittances and the rise in the dollar price.".

He added that "the Central Bank has achieved a major accomplishment in putting the external transfer and cash sale of the dollar and other currencies on a transparent path that is consistent with international standards and practices and has received wide international acclaim.".

He continued that "the measures taken achieve stability in the exchange rate and that covering imports at the official price achieves what we are witnessing in terms of general price stability and reducing inflation."