Thread: Adviser Central Bank: Monetary policy on the verge of new developments after military withdrawal

Adviser to the Central Bank: Mnoetary policy in the country on the verge of a new developments after the military withdrawal

Adviser said that the Iraqi Central Bank monetary policy in the country on the verge of a new developments are in favor of the national economy after the withdrawal of foreign military from Iraqi cities.

The appearance of Mohammed Saleh told the independent press (Iba) said Thursday that the official announcement of the withdrawal is a recognition of the improved security, a fact which serves the starting point of monetary policy and contribute to the enhancement of the value of the dinar against the dollar and reflected positively on the whole economic process.

The benefit of the bank's intention to develop high-technology programs during the current year and the activation of international conventions and recommendations of the Bank and Iraqi banks. Rada criticism by a number of those involved in economic affairs of monetary policy.

He stressed the need for the establishment of banks within the professional systems and mechanisms of action are far from considerations of scale and commensurate with the interests of Albullad. Stressing that economic integration, including monetary, issue of great importance to raising the living standards of international competition and citizen-based preferences.

The benefit of the Bank emphasizes the preparation of studies and research upon which these policies in the design and the professional independence and transparency, as in the case of international banks. Adding that all those keen to develop the work of banks and to preserve the gains achieved during the previous period.

The Saleh said in a press statement that concerned with the affairs of the country's monetary policy following the uncertainty in understanding the signals the monetary policy of the bank, which continued to face the cases of hyper-inflation and the deterioration of the Iraqi dinar exchange rate and through the manifestations of the imbalance of economic and social experience of the difficult country for more than three decades.

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