Deputy Prime Minister and Foreign Minister Fuad Hussein Chairs Thirty-ninth Meeting of Ministerial Council for Economy

On 23 December 2024, Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein chaired the Thirty-ninth meeting of the Ministerial Council for Economy, which was held at the Council’s headquarters, the meeting was attended by Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, Trade, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Deputy Chairman of the National Investment Commission, and the Prime Minister’s Advisors for Economic and Legal Affairs.

The Council discussed the topics on its agenda and took the necessary decisions regarding them.

As well the Council hosted the Director General of Payments Department at the Central Bank of Iraq to discuss and evaluate the mechanisms for implementing the Cabinet decision to move toward using electronic payment instead of cash payment in all state institutions and the public and private sectors, as well to study this experience and expand it to include all economic activities across Iraq. 

In addition, the Council discussed the working paper submitted by some members of the Council regarding the fiscal and monetary policy in Iraq, and the means to develop the economy and maximize revenues, and take the necessary steps to face the economic challenges in light of the political changes in the region through diversifying sources of income and reducing total dependence on oil imports to ensure the stability and sustainability of the economy in Iraq.