Baghdad - I.A. 

President of the Republic, Abdul Latif Jamal Rashid, stressed today, Sunday, the necessity of developing a future strategy for financial policy.

The media office of the President of the Republic stated in a statement received by the Iraqi News Agency (INA), that"President of the Republic, Abdul Latif Jamal Rashid, received, at the Baghdad Palace, the Governor of the Central Bank, Ali Mohsen Al-Alaq."

He explained that "during the meeting, plans were reviewed to reform and develop the government and private banking sector, and support the work of the Central Bank, to enhance financial stability and achieve economic development."

The President stressed the "need to develop a future strategy for financial policy according to clear, transparent standards that contribute to developing the services provided to citizens and building a solid banking sector."

In turn, Al-Alaq reviewed the Central Bank’s plans and procedures aimed at developing the banking sector to play its role in facing economic challenges.