Shabibi says Iraq's reforms are on track

The governor of the central bank of Iraq said on Thursday 11 May that solid progress was being made in reforming the country's financial sector despite ongoing disruptions and that enough reserves existed to defend the currency.

"I can say that we are succeeding in maintaining a stable financial situation in Iraq," he was quoted by Reuters as saying at the Arab Economic Forum in Beirut.

"This level of reserves is helping us keep the currency exchange rate stable." Shabibi said.

The central bank

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