The crisis and central procedures

by **claud39** Wed Apr 08, 2020 2:15 pm

[size=36][rtl]The crisis and central procedures[/rtl][/size]

Monday 06 April 2020

The crisis and central procedures 980-Alsabbaq

Ahmed is charged

Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions

And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them.

It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development,

By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects

Both large and large, and worked to maximize bank reserves

Iraq from gold and hard currency.

The race has always been to launch reassurance messages to the market and the country in general, to overcome and extrapolate crises before they occur, and we have the statement made by the Governor of the Central Bank in 2016 regarding insurance of employee salaries when oil prices fall

What we heard recently and on the same topic this year, is evidence of the great care and wise vision that it follows to maintain the country's financial stability.

And economically.

Today, we are looking forward to the actions that the bank will take

The Iraqi Central and tools, which it will use in order to maintain the stability of the financial and economic situation in Iraq, and we are in light of a global crisis represented by a microscopic organism stopping the activities and areas of different life in all parts of the world and expectations of an acute crisis that will afflict the economies of many countries, we monitor and follow the steps and proactive measures , Taken by the central banks of the neighboring countries and the central banks in many countries of the world.

The country, before the crisis of the Corona virus, faces a severe political and social crisis since October of 2019, which was represented by the massive demonstrations that rocked the country

And the repercussions, which accompanied it on the financial and economic fields and affected business in general and the banking sector

Especially when it ends after this virus has reached the country and disrupts various life activities, which will

The result leads to additional pressure on the banks

In general, and private banks in particular

This requires the intervention of the Central Bank of Iraq with proactive and rapid measures that stabilize the market and exchange rates.

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