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The Second Central Bank Strategy (2021\u20102023) An Approach to Monetary and Financial Reform

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The Central Bank of Iraq launched its second strategy for the years (2021-2023) in conjunction with the economic and financial reform strategy adopted by the government in the white paper. The new strategy has drawn a roadmap with clear objectives and policies for the next three years in a special, complex and risky economic and financial situation.

And the challenges at the level of internal and external economic and financial relations. What concerns us as specialists in economic, financial and banking affairs is what are the new mechanisms and policies adopted by the Central Bank in monetary policy and banking reform in accordance with the approach of fundamental change desired for the national economy contained in the white paper and the second strategy, which constitutes the banking sector The first and basic in the economy and the implementer of monetary policy applications.

The strategy of the Central Bank set the main objectives at 15 objectives and the subsidiary objectives by 75 objectives and charted the way for banking reform in accordance with the following strategic objectives:-

1- Supporting and achieving monetary and financial stability.

2- Enhancing and strengthening the banking sector and financial institutions.

3- Enhancing digital transformation in the central bank and the banking sector.

4- Developing the organizational structure and human resources of the Central Bank.