Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


Neno

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    Successful monetary policies have prevented the Central Bank from being influenced by policy shifts

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Successful monetary policies have prevented the Central Bank from being influenced by policy shifts Empty Successful monetary policies have prevented the Central Bank from being influenced by policy shifts

    Post by Rocky Wed 24 Oct 2018, 9:14 am

    Successful monetary policies have prevented the Central Bank from being influenced by policy shifts
     
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    Central Bank of Iraq
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    Economy News Baghdad
    Despite the political crises that plague the country from time to time, and the latest formation of the current government headed by Adel Abdul Mahdi and President Barham Saleh, the Iraqi Central Bank has remained steadfast through its monetary and monetary policies followed by the advice received from its strategic partners.
    The Iraqi Central Bank announced on Wednesday that Iraq's foreign currency reserves amounted to 60 billion dollars due to the monetary and monetary policies adopted by the Central Bank to stabilize the financial situation after 2014.
    "In line with the development of the democratic process in Iraq and the resulting rotation of the authorities in a positive and stable atmosphere, the Central Bank of Iraq looks forward to continuing to play its pivotal role in building the state to improve the financial and economic conditions in the country," the central bank said in a press release. Iraq".
    He added that "this optimism is supported by the existence of strong financial reserves exceed the (60) billion US dollars as a result of fiscal and monetary policies pursued by the Central Bank over the past years to stabilize the financial situation in general and in particular in 2014 and the years that followed, where the financial situation was the lowest levels and came with data threatened The ability of the state to cover operating expenses and salaries of employees. "
    He explained that "the Central Bank did not refrain from continuing to manage the reserves of the state adequately meets international standards, on the one hand, and strengthen the financial capabilities of the State not less than (16) trillion dinars in the form of remittances discounted, which led to [You must be registered and logged in to see this link.] financial stability and contribute effectively to overcome the crisis "He said.
    "As a continuation of the central role of the central bank as a pillar of the state economy, the positive improvement in oil prices accompanied by fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels."
    He pointed out that "the monetary policy of the Central Bank will continue its effective role in maintaining exchange rates and reduce the gap between the official price and market prices under the circumstances of internal and external complex surroundings, in addition to playing a central role in controlling the inflation rate and reach levels below (% 1) to maintain the overall level of prices and attract investment.
    The central bank concluded by saying, "The Central Bank is ensuring the safety of the financial system, it will continue to play this role and more effectively in the next phase as the state bank to promote the Iraqi economy and [You must be registered and logged in to see this link.] for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector so far Trillions of dinars in addition to other lending programs. "
     
     
    Views 5389   Date Added 10/24/2018
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    Lobo
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    • Post n°2

    Successful monetary policies have prevented the Central Bank from being influenced by policy shifts Empty Re: Successful monetary policies have prevented the Central Bank from being influenced by policy shifts

    Post by Lobo Wed 24 Oct 2018, 9:32 am

    Thanks Rocky, sounds like the CBI is moving along while the GOI is slowing getting there.

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