Progress Institute for Policy Development" symposium Governor of the Central Bank re
Progress Institute for Policy Development" symposium Governor of the Central Bank reviews the most important challenges in monetary policy
BY NETWORK IRAQIS ECONOMISTS IEN EDITORS EDITORIAL BOARD- PUBLISHED IN 02/18/2017
Guest "Institute of the progress of the development policies," the central bank governor, a professor on the Keywords in an extended seminar held by the Institute attended by a group of experts, businessmen and representatives of the private sector banks. MP Dr. Mehdi al-Hafez [...]
Guest , " the Institute of the progress of the development policies , " the central bank governor , a professor on the Keywords in an expanded seminar held by the Institute attended by a group of experts, businessmen and representatives of the private sector banks.
Dr. MP Mehdi al - Hafez , who moderated the seminar, said at the outset that monetary policy was still a vital issue in the economic life of the country. They are generally a reflection of the overall performance of the state and the extent of seriousness in avoiding difficulties and dilemmas emerging inconsistent and make it with the set targets.
He said Hafiz before 2003 , the cash machines in all of the former regime 's grip was not independent and was never encroach upon their performance was so monetary policy - if any - an extension of the self whims of the rulers without a doubt. Hence the need for a radical reform of the central bank issued new law , which stressed his independence and install a key role in protecting the country 's resources.
And between Hafiz that the task now is to counter money laundering and the financing of terrorism , attempts that stands at the forefront of the challenges facing the Iraqi Central Bank. As the concern for the safety of operations and cash through the sale of currency is the other is essential in the performance of the bank and install the principles and rules of handling the project in the proper oversight and supervision of Joe without a doubt.
Hafiz said to maintain the independence of the bank and enable it to perform its task without interference and corruption, making it an effective institution and the guarantor of the interests of society as a whole.