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Initiatives of the central bank.. Wide praise and tangible results for the economy of Iraq
Economy 2022-11-16 | 07:11
1,329 views
Economists praised the initiatives of the Central Bank of Iraq and the tangible results achieved on ارض the economic reality, while they pointed out that those initiatives created many job opportunities, especially those focused on real estate and housing.
Economist Safwan Qusay says in an interview with al-Sumaria News, that
"the Central Bank of Iraq has tried during the last two years and through its initiatives to support public spending due to the absence of the general financial budget for 2021".
"The recent initiatives of the central bank have reduced unemployment and created a number of job opportunities,"Qusay added. The Economist pointed out that
"most of the central bank's initiatives were focused on the real estate and housing sector," expressing hope for "the expansion of initiatives throughout Iraq.
"The central bank's actions in dealing with the global economic crisis were very clear in a positive and professional manner, unlike what happened in many countries of the world, where we saw a significant increase in the bank's hard currency reserves," said Hassan al-Haj, an observer for Economic Affairs. Al-Haj added in an interview with al-Sumaria News, that
"the central bank adopts flexible policies and plans that are consistent with all the variables of the economic situation in the local and global market and are in remarkable progress, especially with regard to the issue of containing cases of corruption or currency smuggling that took place in previous periods through the currency sale auction," pointing out that
"Iraq has seen a clear decline in those violations as a result of the new controls put in place by the central bank to contain those negative cases over the past six months and we hope to end them in the next stage completely. The researcher on Economic Affairs explained that
"raising the exchange value of the dinar against the dollar, which had some negative repercussions on the citizen,
but in the end it was positive to replenish the state treasury of the currency to face crises,
but in general it needs more powerful government measures to support the fragile and middle classes, which can actually be achieved if the government draws a coordinated policy and joint cooperation with the central bank in this file. He added that
"the policy of the central bank is improving significantly and we expect that new measures will be taken by it in the coming months to ensure maintaining the level of the Reserve and developing it to be a strategic reserve for the Iraqi state in line with the rise in global oil prices, which are all positive indicators that ultimately benefit the state treasury.
Initiatives of the central bank.. Wide praise and tangible results for the economy of Iraq
Economy 2022-11-16 | 07:11
1,329 views
Economists praised the initiatives of the Central Bank of Iraq and the tangible results achieved on ارض the economic reality, while they pointed out that those initiatives created many job opportunities, especially those focused on real estate and housing.
Economist Safwan Qusay says in an interview with al-Sumaria News, that
"the Central Bank of Iraq has tried during the last two years and through its initiatives to support public spending due to the absence of the general financial budget for 2021".
"The recent initiatives of the central bank have reduced unemployment and created a number of job opportunities,"Qusay added. The Economist pointed out that
"most of the central bank's initiatives were focused on the real estate and housing sector," expressing hope for "the expansion of initiatives throughout Iraq.
"The central bank's actions in dealing with the global economic crisis were very clear in a positive and professional manner, unlike what happened in many countries of the world, where we saw a significant increase in the bank's hard currency reserves," said Hassan al-Haj, an observer for Economic Affairs. Al-Haj added in an interview with al-Sumaria News, that
"the central bank adopts flexible policies and plans that are consistent with all the variables of the economic situation in the local and global market and are in remarkable progress, especially with regard to the issue of containing cases of corruption or currency smuggling that took place in previous periods through the currency sale auction," pointing out that
"Iraq has seen a clear decline in those violations as a result of the new controls put in place by the central bank to contain those negative cases over the past six months and we hope to end them in the next stage completely. The researcher on Economic Affairs explained that
"raising the exchange value of the dinar against the dollar, which had some negative repercussions on the citizen,
but in the end it was positive to replenish the state treasury of the currency to face crises,
but in general it needs more powerful government measures to support the fragile and middle classes, which can actually be achieved if the government draws a coordinated policy and joint cooperation with the central bank in this file. He added that
"the policy of the central bank is improving significantly and we expect that new measures will be taken by it in the coming months to ensure maintaining the level of the Reserve and developing it to be a strategic reserve for the Iraqi state in line with the rise in global oil prices, which are all positive indicators that ultimately benefit the state treasury.
