The fourth annual conference of the Central Bank of Iraq discusses the developmental dimension of monetary policy and the role of banks in development

The Central Bank holds its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss the two main axes, namely the developmental dimension of monetary policy and the developmental role of the banking sector.



The conference will be held in the presence of the government, private sector, At this time when the Iraqi people are looking to complete the cabinet cab for the new government and start the process of economic reform and achieve economic stability as stated in the government curriculum and comes to review and evaluate the obvious efforts made by The economic and financial crisis and the war on terror.


Its measures and policies have formed a bright spot and the success of its supervisor in a country that is going through harsh conditions and with a historic phase that is the most difficult to confront.



The economic and security challenges that have not been experienced by any country in the world during the last four years, such as Iraq, has contributed greatly to strengthening the economic steadfastness and achieving the victory over terrorism.

Through the efforts and wise measures and applications of monetary policy and development measures, the Bank was able to draw and implement its strategy for the years (2016-2020), which aims to achieve economic stability and stimulate the growth of fiscal and financial coverage and structural and institutional construction and investment in human capital optimization through the achievements of the most prominent stability of the exchange rate of the Iraqi dinar against The US dollar and maintain inflation by not more than 2% and the level of foreign reserves within the rates according to international standards as the foreign reserve of cash to Iraq by $ 62 billion and the third rank In accordance with the latest international standard for measuring efficiency, stimulating the regulatory, supervisory and supervisory banking sector and establishing new units within the regulatory structures of banks such as compliance, combating money laundering, terrorism financing, credit and operational risk management, banking awareness, issuing money laundering law 39 for 2015, developing payment systems and implementing all operations Electronic payment by retail and mobile phone, and the establishment of the national division and work on the application of international standards in financial reporting IFSR in line with the principle of transparency and disclosure in addition to the efforts of the bank on a daily basis in the Fiz financial coverage 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, which amounted to 22.6 and activate the initiative to finance small and medium enterprises.

 

* Economic and banking consultant




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