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The Governor of the Central Bank and his team support the national economy and achieve monetary stability and financial victory

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Rocky


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The Governor of the Central Bank and his team support the national economy and achieve monetary stability and financial victory

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Date: 08:26:14 || 05 December 2017 ยป Hits: 12 views


The country today - Baghdad -
"The support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terrorism is a shining point and an honorable success experience in a country that is going through harsh conditions and a historical phase which is the most difficult to face the economic and security challenges that no country has experienced," said Samir Nusseiri. The world over the last three years such as Iraq, as it contributed significantly to the strengthening of economic steadfastness and to achieve victory over terrorism and achieve self-sufficiency and financial victory. "
Al Nusairi referred to the efforts and wise measures and the applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq, where the Bank was able to draw a strategy for the years (2016-2020) to stabilize the financial system and stimulate the growth of fiscal and financial coverage and structural and institutional construction and investment in human capital During the most important achievements:
To maintain inflation by not more than 2% and at the level of foreign reserves within the acceptable rates in accordance with international standards, where the foreign reserves of Iraq to the extent of $ 47 billion and stimulate the banking sector regulatory and supervisory and supervisory and the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit risk management And the issuance of the Money Laundering Law No. 39 of 2017, the development of payment systems, the application of all retail and mobile payments, the establishment of the national division and the application of international standards in financial reporting in harmony With the principle of transparency and disclosure in addition to the efforts of the bank on a daily basis to stimulate the processes of financial inclusion and focus on the initiative to settle the salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system and for the purpose of restoring confidence in the banking sector the bank re-evaluation and classification of banks in accordance with standards and standards At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq classification from gray to follow-up. Mr. Governor last month to the UN Security Council and presented the achievements and organizational and structural development and technical compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and the ability of Iraq p To comply with international credit benefits and the World Bank and IMF Had a clear impact in promoting economic resilience, fiscal victory and a steady pace towards financial sustainability. "
He called on all national media to "promote the sincere and sincere efforts of the Iraqi fathers who fight terrorism and build the new Iraq in one that highlights the achievements and success stories that have been achieved despite all the challenges. One of the most prominent successes is the successes of the Governor of the Central Bank of Iraq Whose work deserves to be recognized and praised for serving our national economy and Iraqi banking sector. "



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