The central monetary and economic policies have strengthened the government's economic resilience in the face of the toughest conditions

Samir al-Nasiri

Iraq's foreign currency reserves reached $ 87 billion after the government's $ 13 billion reserves were added to the Central Bank's reserves, a positive indication of Iraq's economic resilience in the face of economic crises in the most difficult circumstances.

This is due to the exceptional efforts made by the Central Bank during the years of economic and financial crisis in supporting the national economy and securing about 16 billion dollars to the state treasury to overcome the difficult circumstances suffered by our country. This means that the central monetary reserve will rise to 88 billion dollars. When the Ministry of Finance takes advantage of the rise in oil prices and repay the $ 16 billion dues of the Central Bank owed by the government and thus the total reserves of the Central Bank and government reserves will be around $ 100 billion, especially if we expect to continue Oil to rise.

The follower and competent is well aware that to reach this rate of foreign reserves is the Central Bank to follow the investment policies safe, which strengthened the credit standing internationally and restore confidence in the Iraqi economy and international banking relations.

The achievements of the financing activity and the activation of its initiative to finance small and medium enterprises and raise the ceiling of loans to one billion dinars for each project within the objectives of the initiative in the revitalization of the economic cycle and support the implementation of the objectives of the government curriculum in the fourth axis (Strengthening the economy) by achieving the objective of development banks as a goal of development.

Therefore, the Bank is currently engaged in initiating Islamic finance for public and private banks. In addition, the implementation of community initiatives from the Tamkeen Fund will enable the effective national experience in integrating the banking sector with society and achieving the objective of social and economic banks.

The clear evidence, which can never be covered, is the continuity and stability of the exchange rate over two years and maintaining the inflation rate of less than 2%. It now facilitates the strengthening of the economy and banks for development.


http://economy-news.net/content.php?id=17782