Nusseiri: The UN Security Council praises the actions of the Central Bank in supporting and implementing the program of economic and financial reform


Economy News _ Baghdad
The economic and banking adviser Samir al-Nusairi on Thursday praised the results of the hosting of the Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq by the UN Security Council in a special session to present the policies and procedures of the Central Bank in supporting and implementing the economic and financial reform program and the support requirements provided by the Central Bank to the national economy during the crisis. Economic, financial and war on terror.
Al-Nusairi said in an interview with Al-Iktissad News that “the presence of the Governor Ali Al-Alaq to the UN Security Council is a unique and historic case and constitutes a bright spot 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, Great in strengthening the economic resilience of Iraq in the face of its economic and financial crisis and contributed to the victory over terrorism. ”
Al-Nusairi stressed “the efforts and wise measures and monetary policies of the Central Bank in the difficult economic stage of Iraq, where the great efforts made since 2004 to the present time in reducing inflation and control of a balanced price of the exchange rate of the Iraqi dinar and maintain a reasonable standard rate of foreign currency reserves up to 48 Despite the stifling crisis in Iraq due to the fall in oil prices and the costs of the war on terrorism, the Central Bank has managed, through calculated and bold economic and financial measures, to provide two years of continuous support to the Iraqi economy and made a significant contribution In the insurance of salaries of employees and retirees and the payment of dues of contractors and farmers in addition to his initiative to revitalize the economic cycle and allocation of 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.
He pointed out that “the bank took several other important measures to re-calculate the legal reserve of banks in order to provide liquidity to banks and activate 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 at the banks at the expense of the proportion of compactness, and most importantly in all the transition mechanisms and work procedures A method of the twentieth century to the twenty-first century through the structural, technical, supervisory and supervisory development of the adoption of international standard standards with a focus on the implementation of the rules of compliance and combating money laundering and terrorism financing and re-evaluation and maintenance The banks accordingly helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s