Central Bank: We bought 20 trillion treasury transfers to move the market
BAGHDAD / The governor of the Central Bank Ali Alalak said on Monday that the bank has bought 20 trillion of treasury remittances to move the market.
“The monetary policy occupies an important part of the economy and investment sector and the central bank participates to achieve it,” Al-Aallak said during a dialogue session at the Rafidain Conference held in Baghdad and attended by Baghdad. “Monetary policy achieves economic stability. The stability of the exchange rate and the adequacy of reserves. Fundamental to the stability of the economy. ”
He added that “the central bank has not only achieved the basic goals, but entered the economic growth, which is unconventional policy,” noting that “through the unconventional approach we have bought 20 trillion of treasury transfers and the purpose of maintaining the economic situation and move the market.”
He pointed out that “the central bank has taken the initiative of unconventional, the initiative of lending agricultural, housing and industrial and launched financial allocations, which is important,” as he can secure financial for any real project if the necessary conditions.