Nusseiri: The central bank is supporting the national economy and strengthening the economic steadfastness.

The economic and financial crisis and the war on terror are a shining point and an honorable success experience in a country that is going through harsh conditions such as Iraq, where the bank provided support to the state treasury of about 21 trillion dinars, which contributed to the contribution of the Central Bank to the national economy. Has been instrumental in boosting Iraq’s economic resilience in the face of its economic and financial crisis and contributed to the victory over terrorism.
Al-Nusairi said in an interview that “the efforts and wise procedures and monetary policies of the Central Bank in the difficult economic stage of Iraq and the Central Bank is a sovereign financial institution sovereign independent tasks defined by Law 56 of 2004 and specialists know well the great efforts since 2004 to the present in reducing inflation and control of Balanced price for the exchange rate of the Iraqi dinar and maintain a reasonable standard rate of foreign exchange reserves of up to 45 billion dollars. ”
He pointed out that “despite the stifling crisis suffered by Iraq because of the fall in oil prices and the costs of the war on terrorism, the Central Bank enabled the economic and financial measures calculated and bold to provide support for two years since the Iraqi economy and contributed significantly to secure the salaries of employees and retirees and pay the dues of contractors and peasants In addition to his initiative to activate the economic cycle and allocate six trillion trillion dinars to finance and operate small and medium enterprises in the sectors of housing, agriculture and industry and support banks and achieve economic and social goals as well as take other important measures B The re-calculation of the legal reserve for banks with the aim of providing liquidity to banks and activating the establishment of the deposit guarantee company for the purpose of restoring confidence in the banking sector and increase the savings rate of the mass of cash in banks at the expense of the percentage of compactness.
He pointed out that “the most important of all is the transfer of the mechanisms and procedures of the bank from the method adopted in the twentieth century to the twenty-first century through the structural and technical development, supervision and supervision of the adoption of international standards with a focus on the application of rules of compliance and combating money laundering and terrorism financing and re-evaluation and classification of banks Accordingly, it helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up. ”
Al-Nasiri called on the economic media to visit the central bank and to take note of the fact that the bank has made great efforts to support its steadfastness in managing the financial crisis and achieving victory over terrorism and conveying the achievements achieved in order to serve and strengthen the steadfastness of our national economy.

https://en.economiciraq.com/2017/08/1...in-the-crises/