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5 trillion new dinars. The Governor of the Central Bank reveals a step with a “negative effect”: the historical necessity requires it 09.22.2021 - 14:34 Baghdad - people Central Bank Governor Mustafa Ghaleb Mokhif confirmed, on Wednesday, that he is working with the Ministry of Finance to reform government banks and enhance financial inclusion. In a speech during his participation in the Financial and Banking Services Exhibition and followed by "NAS" (September 22, 2021), he said, "The Central Bank has an important role in achieving macroeconomic balance through various monetary policy tools, especially after the financial and economic challenges that Iraq faced." He added, "This bank, in order to stimulate economic activity and reduce unemployment, launched an initiative with an amount of more than 5 trillion dinars, in addition to the previous initiative launched in 2015, in addition to the Central Bank's deduction of treasury transfers 2020 and 2021 for the necessary funding for the Ministry of Finance despite the increase in debt and impact." negative, but historical necessity demands it. He stressed that "the Central Bank is working with the Ministry of Finance to reform government banks, enhance financial inclusion and develop infrastructure for technical services and cybersecurity." He concluded his speech by saying that "the Central Bank supports the establishment of a sovereign fund for future generations in which state institutions and oil revenues contribute," noting that "the presence of this fund mitigates the potential risks in light of oil price fluctuations and contributes to building a secure future for future generations."
