Baghdad-INA

Prime Minister Ali Faleh al-Zaidi emphasized on Sunday the importance of proceeding with banking reform programs, which contribute to achieving financial stability and providing a suitable economic and investment environment to promote development.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): that "Prime Minister Ali Faleh al-Zaidi oversaw the handover ceremony between the new Governor of the Central Bank, Nizar Nasser Hussein, and the former Governor, Ali Mohsen al-Alaq."

According to the statement, al-Zaidi stressed "the importance of proceeding with banking reform programs, which contribute to achieving financial stability and providing a suitable economic and investment environment to promote development. He also emphasized the need to keep pace with the digital transformation the world is witnessing and to apply international standards in implementing financial policies."

The Prime Minister commended al-Alaq's efforts during his tenure, directing that he be "assigned the duties of Advisor to the Prime Minister for Economic Affairs," while simultaneously stressing "the importance of completing strategic programs that enhance institutional performance and support financial and banking stability in Iraq."