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CNN. Broadcasting Hussein Thugb - This Thug Be Bringin’ It ! Central banks, the fallout of corona Saturday 04 April 2020 Hussein Thugb When the abnormal international circumstance leads the country to new challenges that it may not be able to face, unless it is directed to adopting the right decisions that maintain the smoothness of the conditions and make the impact relatively and acceptable, especially in the financial sector, which represents the axis of stability in front of the time norms . Tracking the countries of the region and their directions that they adopted to face the crisis of "Corona" in order not to disrupt the cash flows to financial institutions, which were drawn by the central banks in those countries, to reduce the level of risk through incentive packages that represent a positive boost to the market, and Iraq cannot be far from thus, trends, especially since the Central Bank of Iraq has proven successful in its work with more than one detailed international financial institution certificates. The current circumstances need the intervention of financial institutions such as the Central Bank of Iraq on the condition that they do not influence or conflict with the operational budget (employees ’salaries), because there are financial implications that appear after the quarantine is lifted and therefore the Central Bank of Iraq must support the private banking sector from it in order to maintain the permanence of the work, Note that the crisis is global, not local, and some important decisions must be taken, similar to Arab central and international banks. Working to reduce the statutory reserve ratio for deposits of depositors with private banks from 15 percent to 5 percent before opening the quarantine, knowing that in the case of raising the stone, withdrawals will be made in high proportions for all depositors to keep the cache under hand and the percentage of deposits will drop significantly, accordingly It is necessary to restore the ratio to 5 percent at the present time and before raising the stone in order to give confidence to the banks and depositors. Since the Central Bank of Iraq issued instructions to delay the payment of the initiative's payments to 3 months, the banks must also adhere to these instructions with loans granted by the bank's assets and deposits, in which case private banks will lose 20 percent of the payment amounts (delay in repayment) and this hinders the movement of liquidity at Banks. Here, each bank participating in the projects initiative must be granted as much as the amount granted to it in order to pump liquidity into this situation, knowing that these amounts do not affect the budget situation, because they were allocated by the Council of Ministers before. Today, it is preferable for the Central Bank of Iraq to go to form a crisis cell that has full authority to make decisions on a daily basis before opening the quarantine (before the incident), and work to issue instructions for the purpose of changing credit ratios, liquidity ratios, and capital adequacy, taking into account Standard No. 9 devoted to capital adequacy And deposits. Implementing what relates to reducing the legal reserve and delaying the payment of the initiative's installments urgently due to its mitigation of the crisis and the market reassurance as in the countries of the region such as the Emirates, Kuwait, Sultanate of Oman and Jordan. In order not to repeat the experience of Lebanon LINK