AM:11:17:17/12/2025
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Iraqi Central Bank Governor Ali Alaq said on Wednesday that Iraq has managed to reduce inflation to about 1 percent through unified monetary policies and exchange rate stability measures.
Alaq said the Central Bank continues efforts to reduce reliance on oil revenues, emphasizing that maintaining exchange rate stability remains a key objective.
He added that Iraq has succeeded in increasing foreign reserves and linking them to a comprehensive monetary policy framework, which has helped prevent budget deficits in recent years by boosting non-oil revenues and strengthening economic stability.