Governor of the Central Bank of the first economic profile for 2017

*The support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terror is a shining point and a successful experience of success in a country that is going through harsh conditions and a historical phase which is the most difficult to face the economic and security challenges that no country has experienced in the world during the last three years like Iraq As proved Mohsen Alalak, Governor of the Central Bank of Iraq and his team that they are Mujahideen of first-class in the promotion of economic steadfastness and achieve financial stability and financial victory. Through prudent efforts and measures and the applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq that they were able to draw a strategy for the years (2016-2020) and a clear roadmap goals and ambitions to stabilize the financial system and stimulate fiscal growth and financial inclusion and structural and institutional construction and investment Human capital through the achievements of its mission achieved during the years (2015-2017), the most prominent: maintain the inflation rate of not more than 2% and the level of foreign reserves within acceptable rates in accordance with international standards, where the reserve A foreigner to Iraq up to $ 47 billion and stimulate the banking sector regulatory and supervisory and supervisory and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law of money laundering 39 for 2017 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division And to work on the application of international standards in financial reporting in line with the principle of transparency and disclosure in addition to the efforts of the bank on a daily basis to stimulate the processes of financial inclusion and focus on the initiative to settle salaries The Bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as establishing a deposit guarantee company in order to raise the savings ratio at banks and reduce the proportion of the balance In the homes and thus stimulate the economy through the activation of investment and bank financing initiative to finance small and medium-sized projects and supervision and leadership of community initiatives funded by Iraqi banks such as the project Baghdad and supporting the fund drama Alra The establishment of a fund for social and humanitarian benefits, the adoption of organizational and structural measures, the development of a depository center in the Iraqi securities market and the establishment of a national credit information center. At the level of international banking relations, the Central Bank, with exceptional efforts, managed to restore relations with Arab and foreign central banks and to deliver the achievements achieved during the last three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq classification from gray to The visit of Mr. Mohieldin last month to the UN Security Council and presented the achievements and development of organizational, structural and technical compliance with international standards in financial reporting and enhance confidence in the economy Iraq And the ability of Iraq to comply with international credit entitlements and the World Bank and International Monetary Fund (IMF) has had a clear impact in promoting economic resilience and fiscal victory and moving steadily towards financial sustainability. That all the above achievements make the Central Bank of Iraq and the province of contacts and his team deserve praise and honor, and called on the Iraqi Council of Representatives and the Secretariat of the Council of Ministers to support these efforts and the designation of Professor Mohsen Alalak distinctive economic personality for the year 2017 I also call the Iraqi national media visual and read and heard to promote extraordinary efforts The sincere efforts of the Iraqi fathers fighting terrorism and building the new Iraq, one that highlights the achievements and success stories achieved despite all the challenges and that the most prominent of these successes and crises is a success The Governor of the Central Bank of Iraq and his team, who deserve a neutral right word to serve our national economy and our Iraqi banking sector.

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