IPBA supports the reforms of the Central Bank

Economy

19-11-2020, 12:40

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Baghdad - INA

The Iraqi Private Banks Association announced today, Thursday, its support for the reforms undertaken by the Central Bank of Iraq.

In a statement, received by the Iraqi News Agency (INA), that it declares its support for the reforms undertaken by the Central Bank of Iraq directed at banks and monetary policy that will contribute to the development of the Iraqi economy and the banking sector, which will positively affect economic development.

The statement indicated that "the Central Bank of Iraq is currently working on major and influential reforms, which will lead to the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is experiencing as a result of low oil prices."