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Adviser to the Prime Minister: Central Bank decisions contribute to reducing inflation rates in the country
Economical 09/08/2024
Baghdad: the mainstay of the emirate
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained that the
decisions of the Central Bank contribute to reducing inflation rates in the country, and
pointed out that economic growth contributes to strengthening the value of the local currency.
Saleh said in a statement to “Al-Sabah”:
“The policies of the Central Bank play a major role in stabilizing the currency, which is something that achieves harmony between the internal value of the currency and its external value,” explaining that
“decisions to raise or reduce interest as part of monetary policy work will undoubtedly be reflected in... Reducing inflation rates and maintaining the stability of the currency value.” He added that the
prosperous and sustainable economic growth in gross domestic product contributes to enhancing the value of the currency and its stability, indicating that the
real factors affecting the strength of the national currency include high productivity and high employment of the labor force, in addition to real investment and innovation, especially technological development . Saleh pointed out that
technology and innovation can lead to improved productivity and economic growth, which enhances the value of the currency, and
these are all factors generated by the real sector in the economy or the national development policy.
He pointed out the importance of political stability and the strength of the administrative system and its governance, which are important behavioral factors in enhancing confidence in the national currency.
https://alsabaah.iq/102304-.html
Economical 09/08/2024
Baghdad: the mainstay of the emirate
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained that the
decisions of the Central Bank contribute to reducing inflation rates in the country, and
pointed out that economic growth contributes to strengthening the value of the local currency.
Saleh said in a statement to “Al-Sabah”:
“The policies of the Central Bank play a major role in stabilizing the currency, which is something that achieves harmony between the internal value of the currency and its external value,” explaining that
“decisions to raise or reduce interest as part of monetary policy work will undoubtedly be reflected in... Reducing inflation rates and maintaining the stability of the currency value.” He added that the
prosperous and sustainable economic growth in gross domestic product contributes to enhancing the value of the currency and its stability, indicating that the
real factors affecting the strength of the national currency include high productivity and high employment of the labor force, in addition to real investment and innovation, especially technological development . Saleh pointed out that
technology and innovation can lead to improved productivity and economic growth, which enhances the value of the currency, and
these are all factors generated by the real sector in the economy or the national development policy.
He pointed out the importance of political stability and the strength of the administrative system and its governance, which are important behavioral factors in enhancing confidence in the national currency.
https://alsabaah.iq/102304-.html
