KTFA:
The Central Bank of Iraq celebrates the Diamond Jubilee
December 10, 2022
Today, Saturday, the Central Bank of Iraq held its central celebration on the occasion of the seventy-fifth anniversary (Diamond Jubilee) of its founding at the Babel Hotel in the capital, Baghdad, with the participation of a number of personalities and the banking sector.
His Excellency the Governor of the Central Bank of Iraq, Professor Mustafa Ghaleb Makhaif, said in a speech to him on the occasion: On these days, seven and a half decades ago, this institution was founded, which you are proud of today, stressing that the Central Bank of Iraq has a long path in establishing a sober monetary system in Iraq, and has contributed to He strengthened the economic system and went hand in hand with the financial authority to assign it as an advisor to the government, and to stand behind it in times of adversity.
He added: The performance of the Central Bank of Iraq for more than seven decades has been distinguished by the fact that it is always at a sufficient distance from politics and its repercussions, powers and fluctuations, so we established authentic work traditions that were completely politically neutral about the well-known fluctuations and circumstances that our country went through, pointing to financial management.
The state was, and still is, believing that the Central Bank of Iraq is the backing and backing for it and other state institutions. He explained that, after 2003, the new central bank law was issued, as its independence was clearly enshrined, and its powers and position in the hierarchy of the economic system in Iraq were consolidated. His distinctive supervisory powers were also evident.
His Excellency stressed that our banknotes were issued with the highest quality and the most reliable security characteristics available in the techniques of printing banknotes globally through contracting with the best international printing companies. It ensured the existence of a sound banking system despite the technical and security challenges surrounding this complex environment.
The celebration reviewed the history of the Central Bank of Iraq since its inception, as well as organizing dialogue sessions on monetary policy, the new roles of central banks, and the role of women in the Central Bank of Iraq.
Iraqi Central Bank information Office
10-December-2022 LINK
