Government Advisor: The principles of the government curriculum embodied the preservation of economi

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Tuesday that the meeting of Prime Minister Muhammad Shia al-Sudani with the Central Bank had positive dimensions, while pointing out that the private sector is a basic partner in development and economic progress, noting that the principles of the government’s program embodied the preservation of the integrity of economic stability.

Saleh said in a statement reported by the official news agency, and reviewed by "Economy News", that "the phenomenon of coordination and consultation between the government and the monetary authority is an important matter stipulated in the Central Bank of Iraq Law No. 56 of 2004, which was prepared by the Central Bank and the State Advisor for Economic Affairs, which means its importance in building trust and sustainable stability in the national economy through continuous coordination and consultation with the executive authority."

He explained, "Despite the independence of the monetary authority from the government according to the Central Bank Law, and the subject of its accountability in implementing its policies falls on the Council of Representatives, based on the provisions of Article 103 of the Constitution of the Republic of Iraq 2005, this does not negate consultation and coordination with the pillars of economic policy that the government is implementing in our country, especially policies related to regulating the market."

He added, "Market institutions (companies) represent an important pillar of stability and growth, and a basic partner in the development and economic progress of the country, as officially licensed private sector companies represent the driving force of market institutions and ensure their stability."

He pointed out that "the Prime Minister's meeting with the senior staff of the Central Bank represents a unique ideal case and a high level of transparency and governance in implementing public policies and sustaining decisions related to market stability, specifically the exchange market." He

pointed out that "the unity of results and mutual convictions between market forces on the one hand and the executive and monetary authorities on the other hand undoubtedly embodies the level of transparency and partnership between all pillars of the state on the one hand and the private sector on the other hand, and aims to support, back and understand public policies, especially monetary policy."

He continued that "this comes in the context of maintaining the integrity of economic stability as a lofty goal embodied in the principles of the government's approach, especially the strength and solidity of the partnership between the wings of the executive, monetary and market authorities at the same time, in addition to strengthening the bonds of trust and preserving the public interest of the country as a national and economic priority." He

stressed that "the joint meeting, which was achieved for the first time at the policy level in our country, embodied, with a high degree of governance, the accuracy of implementing the technical, administrative and organizational procedures shared by all parties to the economic equation (the state and the market)."