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[size=30]Commentary from the Central Bank amid the current financial and economic challenges in Iraq[/size]
[You must be registered and logged in to see this image.]PM:02:39:22/09/2021
The Central Bank confirmed, on Wednesday, that it has an important role in achieving macroeconomic balance through various monetary policy tools, especially after the financial and economic challenges faced by Iraq.
And the bank’s media office stated in a statement received by NRT Arabic, a copy of it, (September 22, 2021), that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb, participated in the financial and banking services exhibition held in Baghdad along with the Minister of Finance and a number of representatives of the banking and financial sector.”
The statement added, "This bank, in order to stimulate economic activity and reduce unemployment, launched an initiative with an amount of more than 5 trillion dinars, in addition to the previous initiative launched in 2015, in addition to the Central Bank's deduction of treasury transfers 2020 and 2021 for the necessary funding for the Ministry of Finance despite the increase in Religion and negative impact, but historical necessity requires it.
He stressed, "The Central Bank is working with the Ministry of Finance to reform government banks, enhance financial inclusion and develop infrastructure for technical services and cybersecurity."
The statement concluded, "The Central Bank supports the establishment of a sovereign fund for future generations in which state institutions and oil revenues contribute, indicating that the presence of this fund mitigates the potential risks in light of oil price fluctuations and contributes to building a secure future for future generations."
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And the bank’s media office stated in a statement received by NRT Arabic, a copy of it, (September 22, 2021), that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb, participated in the financial and banking services exhibition held in Baghdad along with the Minister of Finance and a number of representatives of the banking and financial sector.”
The statement added, "This bank, in order to stimulate economic activity and reduce unemployment, launched an initiative with an amount of more than 5 trillion dinars, in addition to the previous initiative launched in 2015, in addition to the Central Bank's deduction of treasury transfers 2020 and 2021 for the necessary funding for the Ministry of Finance despite the increase in Religion and negative impact, but historical necessity requires it.
He stressed, "The Central Bank is working with the Ministry of Finance to reform government banks, enhance financial inclusion and develop infrastructure for technical services and cybersecurity."
The statement concluded, "The Central Bank supports the establishment of a sovereign fund for future generations in which state institutions and oil revenues contribute, indicating that the presence of this fund mitigates the potential risks in light of oil price fluctuations and contributes to building a secure future for future generations."
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