Sinan Al-Shabibi interview: A battle against inflation and instability

Sinan Al-Shabibi, governor of the Central Bank of Iraq, speaks to Sudip Roy about the bank’s efforts to control inflation, curb exchange rate instability and cope with the difficult security situation.

Sinan Al-Shabibi, central bank governor of Iraq

“People cannot go to a bank and deposit a lot of cash. If there was security, then the banks would see more flows and they would be able to lend more easily to all sectors of the economy”
Sinan Al-Shabibi, central bank governor of Iraq

Even though economic growth is at about 6.3%, Iraq needs a much higher rate. How can you kick-start the economy given the level of violence? It is of course difficult. There is a lot of instability and insecurity.

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