The Central Bank confirms paying "great care" to financial stability

Update 10/28/2022 - 4:05 AM
  
Economy News - Baghdad

The Monetary and Financial Stability Department of the Central Bank of Iraq organized a "remote" training workshop, the first of its kind, on the "Experience of the Central Bank of Iraq in preparing indicators of financial stability and early warning", presented to the Central Bank of Libya, for the period from 24-27 October current first.

According to a statement by the Central Bank’s media office, “The workshop aims to highlight the importance of the stability of the financial system, as it is one of the main objectives that the Central Bank of Iraq must achieve and maintain, along with the stability of the general level of prices and the exchange rate, to ensure effective performance of all economic units, towards achieving sustainable economic development.

The statement added, "The workshop will also provide a presentation of the experience of the Central Bank of Iraq in developing the financial stability report and early warning report, and the most important developments that occurred in financial safety indicators, stress tests, and financial infrastructure, as well as indicators of financial inclusion in Iraq."

The Deputy Governor of the Central Bank of Iraq, during the opening of the workshop, confirmed that "the Central Bank of Iraq welcomes cooperation, communication and coordination with the Central Bank of Libya, in a way that enhances bilateral relations and exchange of experiences."

He continued, "The Central Bank of Iraq pays great attention to financial stability," noting that "climate change has occupied a part of the work of the Central Bank of Iraq and the competent institutions in Iraq, and their efforts."

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