Economy News _ Baghdad
The economic and financial advisor Samir al-Nusairi said on Saturday that the support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terror is a shining point and a successful success experience in a country that is going through harsh conditions such as Iraq, where the bank provided support to the state treasury of 21 trillion dinars, Has been instrumental in boosting Iraq's economic resilience in the face of its economic and financial crisis and contributed to the victory over terrorism.
Al-Nusairi said in an interview with "Economy News" that "the wise efforts and monetary policies of the Central Bank in the difficult economic stage of Iraq and the Central Bank is a sovereign financial institution sovereign independent functions specified by Law 56 of 2004 and specialists know very well the great efforts since 2004 to the present time In the reduction of inflation and control of a balanced price of the exchange rate of the Iraqi dinar and maintain a reasonable rate of foreign exchange reserves of up to 45 billion dollars.
He pointed out that "despite the stifling crisis suffered by Iraq because of the fall in oil prices and the costs of the war on terrorism, the Central Bank enabled the economic and financial measures calculated and bold to provide support for two years for the Iraqi economy and contributed significantly to secure the salaries of employees and retirees and pay the dues of contractors and peasants In addition to his initiative to activate the economic cycle and allocate six trillion trillion dinars to finance and operate small and medium enterprises in the sectors of housing, agriculture and industry and support banks and achieve economic and social goals as well as take other important measures B The re-calculation of the legal reserve for banks with the aim of providing liquidity to banks and activating the establishment of a deposit guarantee company for the purpose of restoring confidence in the banking sector and increase the rate of savings of cash in banks at the expense of the proportion of compactness.
He pointed out that "the most important of all is the transfer of mechanisms and procedures of the bank from the style adopted in the twentieth century to the twenty-first century through the structural and technical development and the monitoring and adoption of standard international standards with emphasis on the implementation of the rules of compliance and combating money laundering and terrorism financing and re-evaluation and classification of banks Accordingly, it helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up. "
He called on the economic media to visit the central bank and to see the real efforts of the bank's support to the state treasury to support its steadfastness in managing the financial crisis and achieving victory over terrorism.
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