18/09/2011 12:43
Baghdad, September 18 / Spettmar (Rn) – The Central Bank of Iraq, Sunday, he used the best means to support monetary policy and raise the level of development of the Iraqi economy.
The Iraqi government has been described by the economic advisor Abdul Hussein political Anbuge yesterday the central bank yesterday, Saturday, and as deflationary Atsem in supporting economic development projects and to achieve real value of the Iraqi dinar.
The Iraqi government is seeking to annex it independent bodies including the CBI claiming to reduce the differences between monetary policy and finance.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Iraqi Central Bank uses the best economic means to support monetary policy and raise the value of the Iraqi dinar and maintain the exchange rate and economic development desired by coordinating with fiscal policy of the government.”
“The central bank has to coordinate with all government financial institutions and Ayaana of economic isolation as he manages monetary policy according to economic measures to prevent contraction of monetary policy.”
He pointed out that “the central bank was able to develop a mechanism under the umbrella of the International Monetary Fund to address its debts and maintain the financial value of the Iraqi dinar.”
The central bank says it has succeeded in raising the level of economic development because of the stability of monetary policy as the unemployment rate dropped from 52% to 15% and the level of the poverty line from 54% to 23% and inflation declined overall level of 65% to 6% and higher output power of 3500 MW to 8000 MW
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector ..
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