Established in 2006 as a Community of Reality

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


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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


    The central bank is moving at a steady pace to support and revitalize the economy

    Rocky
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    • Post n°1

    The central bank is moving at a steady pace to support and revitalize the economy Empty The central bank is moving at a steady pace to support and revitalize the economy

    Post by Rocky Sun 19 Jun 2022, 7:54 am

    The central bank is moving at a steady pace to support and revitalize the economy

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     By analyzing the speech of the Governor of the Central Bank, which he delivered at the opening of the (specialized workshop on climate change, desertification and national security), which was held in Baghdad on 06/16/2022, it becomes clear according to indicators and data
    The official finances for 2021 and the first half of this year “that the Central Bank had an important role in supporting and stimulating the economy and revitalizing the economic cycle and in achieving macroeconomic balance and its reflection on achieving the growth rate indicated by the World Bank report, which is 2.8% in GDP He expected that economic growth in Iraq for this year would develop if Iraq maintained the wise disposal of the financial abundance achieved from the increase in oil prices and issued its budget for the mentioned year according to the indicators of economic recovery. Certainly, this recovery was for the Central Bank and the applications of its monetary policy and initiatives, which totaled 17 trillion dinars.
    Which contributed to the establishment and operation of 11,000 small, medium and large projects, and the employment of more than 40,000 unemployed people, and the amounts of support it provided to the government during crises in 2020 and 2021, amounting to 30 trillion dinars, through various monetary policy tools, by re-discounting treasury transfers issued by the Finance .
    Through our follow-up to the procedures, policies, activities and initiatives of the Central Bank, and by analyzing data and evaluating indicators for the specialized departments of the Bank, and implementing the banking reform program specified in the second strategy of the Central Bank for the years 2021-2023 
    We have confirmed the success of the development, lending and financing steps of the Central Bank, which are a number of reform measures that were planned and put into practice, which were accompanied by the decision to reduce the exchange rate of the dinar in order to alleviate the burdens that citizens with low incomes are expected to suffer and for the purpose of creating monetary balance in the trading market, which resulted in Recovery, stability and relative growth in the economy, as indicated in the latest World Bank report
    In addition to facing the repercussions that can occur as a general situation facing countries that reduce the exchange rate of their local currency and investing in positive cases to strengthen the financial position of the government, reduce the budget deficit and overcome the causes of internal and external borrowing, in addition to protecting and supporting the domestic product and increasing external cash reserves, which reached the limits of 74 billion dollars .
    Activating the real sector and gradually reducing dependence on oil rents. This requires the issuance of the 2022 budget, coordination between the fiscal and monetary policies, and the government taking it upon itself to make its fiscal policy clear, distributing the tasks of implementing its reform plan to the relevant ministries, activating the implementation of investment projects, achieving food and drug security for citizens, and reducing unemployment and inflation. This is achieved by multiple sources of income. The national revolution in agricultural, industrial and commercial policies .
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