Alaq was honored for implementing central bank measures and standards, developing Iraq's financial infrastructure, enhancing financial inclusion, and promoting consumer financial protection, "during trying circumstances in the country." Alaq was hailed for a number of accomplishments, most notably by stabilizing the exchange rate of the Iraqi dinar and increasing liquidity in Iraq's financial market. He also helped in developing the country's electronic payment system. Governor of Iraqi Central Bank receives award in Paris That's interesting. The International Islamic Banking Summit was held in Paris.