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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

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    the Central Bank announces the strengthening of the financial capabilities of the Iraqi state in bil

    Rocky
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    the Central Bank announces the strengthening of the financial capabilities of the Iraqi state in bil Empty the Central Bank announces the strengthening of the financial capabilities of the Iraqi state in bil

    Post by Rocky Wed 24 Oct 2018, 5:51 pm

    [size=32]
    the Central Bank announces the strengthening of the financial capabilities of the Iraqi state in billions of dollars[/size]
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     2 hours ago



    The Central Bank of Iraq (CBE) on Wednesday announced the strengthening of the state's financial capabilities of at least 14 billion US dollars.
    "As the evolution of the democratic process in Iraq and the consequent 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 situation in Iraq," said a statement issued by the bank. .
    The statement added that this optimism comes supported by strong financial reserves exceeding 60 billion US dollars as a result of the monetary and monetary policies pursued by the Central Bank over the past years to stabilize the general financial situation, especially in 2014 and the years that followed, with the financial situation at the lowest levels. These years, which brought data threatened the ability of the state to cover the operational expenses and salaries of employees.
    The statement added that "the interventions of the Central Bank, despite the difficult circumstances represented by the low oil prices and the high cost resulting from the war fought by Iraq against the terrorist attack to liberate its territory."
    "The central bank continued to manage the reserves of the state enough to meet international standards on the one hand, and to strengthen the financial capabilities of the state by at least (16) trillion Iraqi dinars in the form of remittances discounted, which led to support financial stability and contribute effectively to overcome the crisis" .
    "As a continuation of the central role of the central bank as a pillar of the country's economy, the positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to early repay these remittances and increase the value of reserves to higher levels," the statement said.
    The central bank's monetary policy will continue to play an active role in maintaining exchange rates and narrowing the gap between official and market prices under highly complex internal and external circumstances. This is in addition to play a central role in controlling the inflation rate and reach the levels below (1%) to maintain the overall level of prices and attract investment.
     The bank concluded by saying that "it is ensuring the safety of the financial system, it will continue to play this role and more effectively in the next phase as the bank of the State to promote the Iraqi economy and support for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector has so far exceeded two trillion dinars in addition to Other lending programs ".
     



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