The fourth annual conference of the Central Bank of Iraq discusses the developmental dimension of mo

The fourth annual conference of the Central Bank of Iraq discusses the developmental dimension of monetary policy and the role of banks in development


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The Central Bank holds its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss the two main axes, namely the developmental dimension of monetary policy and the developmental role of the banking sector. The conference will be held in the presence of the government, private sector, At this time when the Iraqi people are looking to complete the cabinet cab for the new government and start the process of economic reform and achieve economic stability as stated in the government curriculum and comes to review and evaluate the obvious efforts made by The economic and financial crisis and the war on terror. Its measures and policies have formed a bright spot and the success of its supervisor in a country that is going through harsh conditions and with a historic phase that is the most difficult to confront. Challenges

Through the efforts and wise measures and applications of monetary policy and development measures, the Bank was able to draw and implement its strategy for the years (2016-2020), which aims to achieve economic stability and stimulate the growth of fiscal and financial coverage and structural and institutional construction and investment in human capital optimization through the achievements of the most prominent stability of the exchange rate of the Iraqi dinar against The US dollar and maintain inflation by not more than 2% and the level of foreign reserves within the rates according to international standards as the foreign reserve of cash to Iraq by $ 62 billion and the third rank Oh and by the adequacy of more than 160% according to the latest international standard to measure efficiency and stimulate the banking sector regulatory and supervisory and regulatory and establishment of new units within the organizational structures of banks Kalamtthal and anti-money laundering and terrorism financing and management of credit and operational risk and awareness of banking and the issuance of money laundering, 39 Law for the year 2015 and the development of systemsIFSR is in line with the principle of transparency and disclosure. In addition, the Bank's efforts are exerted daily to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to raise the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the SME initiative.

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