The Central Bank of Iraq deserves to be honored with the title of victory and excellence

Samir Nusairi

In the military tradition, the armed forces can not achieve the victorious victory over the enemy without a civil effort and the most important effort and the most important effort must be provided by the government and all its organs is the economic effort that contributes to the decisive military victory.

 And this is what has been achieved already and work and reality Corps of the Central Bank of Iraq and its national team led by the province of perseverance and Mujahid and keen to serve his country and its people and national economy.

 That the remaining age of the current government a few days and here requires them and the Iraqi people conscious to assess the stage of the previous four years in which our country faced an economic crisis and financial suffocation for the reasons known and achieved the victory over terrorism and accompanied by another victory is the steadfastness and economic victory, The Iraqi Central and Governor Ali al-Alak key role and leading in achieving.

 The most important of which is the support of the State Treasury with 21 trillion dinars, stability in the exchange rate, recovery of the Iraqi dinar, reduction of inflation, maintaining less than 2%, maintaining a foreign reserve of $ 51.5 billion, Of gold within an excellent record rate. Added to that adoption.

 Standards and regulations in line with the requirements of international standards and the basic and sub-objectives of its strategy until 2020 and activate and consolidate new visions for the applications of monetary policy for the purpose of achieving its objectives set out in Law No. 56 of 2004 based on transparency and disclosure and application of the basics of re-confidence in banking transactions between him and the banks and building a solid banking sector and continuing efforts Exceptional improvement of banking reputation in institutions and international financial organizations and correspondent banks.

The Central Bank has worked during the past years with deliberate and sequential steps and coordinated with the concerned international bodies and building strong relations with the Arab and foreign central banks.

The procedural, regulatory and structural policies were also drawn up and issued its strategy for the years (2016-2020) and set its objectives to achieve financial stability and develop the banking business technically, Access to financial coverage where he prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and banking mechanisms, which formed a solid base on the scale of the home and abroad, which led to the transfer of the state of the Iraqi economy Its main and most prominent financial sector from the gray phase to the follow-up was expected to move on to another advanced stage in 2018 as a benchmark to the assessment and standards of the Financial Action Organization.

 We at the time we congratulate the government to enable it to achieve victory over terrorism and uprooting it from the land of Iraq and achieve economic steadfastness and financial victory by the efforts of its competent economic agencies, most notably the efforts of the Central Bank and its distinguished national team.

 I call on the Prime Minister and before the end of his constitutional government to honor the military and economic achievements Giving them medals of victory, creativity and excellence.

 And thus we have given to the loyal men of Iraq and we have affirmed the love of Iraq and its people for them.

http://economy-news.net/content.php?id=12175

Economy News Baghdad:

The International Monetary Fund (IMF) forecasts non-oil GDP growth in Iraq in 2018 and 2019 due to the reconstruction of Iraq.

The International Monetary Fund said in a report, "Regional Economic Outlook" seen by the "economy News", "The non-oil GDP in Iraq will grow during the years 2018 and 2019 because of the reconstruction of Iraq," noting that "was lowered forecasts of oil GDP in 2018 In most of the GCC countries and Iraq compared to last October, due to the decrease in oil production in line with the extension of the work of the OPEC agreement. "

"For 2019, postponement of the date of termination of the agreement means that the growth of oil GDP will increase at a faster rate than expected in October, especially in the GCC," he said, adding that "in Iraq, the improvement in non-oil activity to overcome the vulnerability Which hit the growth of oil GDP under the OPEC agreement. "

"Iraq is expected to introduce selective sales taxes and taxes on some goods and services in 2018, but countries in the region can make more efforts to mobilize non-oil revenues," he said.

http://economy-news.net/content.php?id=12197