Alnasiri calls for the adoption of a new methodology to repair the banking system

Date: November 20, 2016



The objectives of monetary policy to achieve economic growth and stability and to reduce unemployment and stabilize the prices of goods and services and the stability of exchange rates and improve the balance of payments and to achieve these goals through a Eduatھa a direct and indirect.

And Bھma particular , said banking expert and member of the Union

International bankers Arabs Samir Alnasiri »in an exclusive interview that the Iraqi Central Bank is currently implementing his plan for the next five years in the development of policies

And programs and mechanisms to work according to what you stated Bstrutیjیth years (2016-2020) and in particular , what the applications of monetary policy and means of supervision and control of the Iraqi banking sector and it requires that you be examined observations and proposals are working to address the phenomenon gap between the financial policies of the state and monetary policies adopted by the Central Bank of Iraq and the requirements counter inflationary pressures and reduce the current expenditure and coordination of plans and programs to achieve the rescue of the Iraqi economy from financial Alanھیarat. »

The "main bank ھdvh Oھo tackle inflation and achieves planned growth in the contribution of the banking sector in the gross domestic product."

Alnasiri "suggested activating the policies of the Central Bank of Iraq for control of monetary policy in the private banking system to support and to reconsider the policies of lending and risk management mechanisms for credit in the granting of credit and loans to small and medium - sized investment in the sectors of production and investment that achieve cash flow clear and revive the economic cycle , including contributes to economic development and diversify the financial resources of the public budget.

He noted " the importance of the Iraqi Central Bank to reconsider studying the possibility of investing sums legal reserve is deducted from the capital at the banks, noting that" these frozen funds can invest and benefit of which to support private banks and یmcnھa of expanding Nchatatھa investment and the search for banking products as fresh as it requires the development of mechanisms for lending to banks , which are suffering from a severe liquidity crisis due to the general economic situation , which passes Bھ Iraq.

He asked " to develop and support and motivate Iraq Stock Exchange and to find the means and tools that is pushing to raise the market index prices and companies to suit its assets and the criteria for their production and profits, at least certainly the value of shares and the real to prevent speculation that harm the assets of Iraqi including not commensurate with their value real and effective. He preferred Alnasiri "the Iraqi Central Bank to reconsider the instructions for the regulation of the sale of the dollar and define the role of banks in the mediation between the customer and the central bank, in addition to determine the responsibility of the Ministries of Commerce, Finance and Planning.


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