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Economist: Stability of financial sector management is key to economic prosperity
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Economic expert Hammam al-Shamma stressed the importance of stability in the management of [url=https://www.thebaghdadpost.com/ar/Story/t/51634/%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A]the financial sector[/url] in the progress and prosperity of the local economy.
"The stability of the management of the financial sector, especially the independent central bank, plays an important role in adopting advanced systems capable of making progress in the services provided by the financial system, which has the task of supporting the local economy and the family economy," he said in a press statement.
He added: "The monetary authority balance the swirling of fiscal policy towards excessive spending and create inflation, and monitor the performance of the banking system in the country, and ensure the stability of exchange rates and foreign trade relations with different countries of the world."
"The monetary authority in democratic regimes enjoys independence and sustainability, as in the case of regional countries such as Jordan and Lebanon, and the governor of the Central Bank is doing his job completely and for a long time without interfering in his performance and his period of survival.
Al-Shamaa warned that "the management of the monetary authority and the continuity of its administration in conjunction with the achievement of the developmental goals in support of the economic revival is very important and in order to stabilize the monetary policy we need the stability of the administration, and here we can indicate the stability of exchange rates in [You must be registered and logged in to see this link.] during the past years, Administrative aspects ".
[You must be registered and logged in to see this link.]
Economic expert Hammam al-Shamma stressed the importance of stability in the management of [url=https://www.thebaghdadpost.com/ar/Story/t/51634/%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A]the financial sector[/url] in the progress and prosperity of the local economy.
"The stability of the management of the financial sector, especially the independent central bank, plays an important role in adopting advanced systems capable of making progress in the services provided by the financial system, which has the task of supporting the local economy and the family economy," he said in a press statement.
He added: "The monetary authority balance the swirling of fiscal policy towards excessive spending and create inflation, and monitor the performance of the banking system in the country, and ensure the stability of exchange rates and foreign trade relations with different countries of the world."
"The monetary authority in democratic regimes enjoys independence and sustainability, as in the case of regional countries such as Jordan and Lebanon, and the governor of the Central Bank is doing his job completely and for a long time without interfering in his performance and his period of survival.
Al-Shamaa warned that "the management of the monetary authority and the continuity of its administration in conjunction with the achievement of the developmental goals in support of the economic revival is very important and in order to stabilize the monetary policy we need the stability of the administration, and here we can indicate the stability of exchange rates in [You must be registered and logged in to see this link.] during the past years, Administrative aspects ".
[You must be registered and logged in to see this link.]
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