September 8, 2024 Last updated: September 8, 2024 Independent/- As part of the Iraqi government’s efforts to improve the economic situation and stabilize the local currency, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the role of the central bank’s decisions in reducing inflation rates and enhancing the value of the national currency.
While Saleh's statements reflect the government's commitment to achieving economic stability, many questions arise about the effectiveness of these policies in confronting real economic challenges.
The role of the central bank in stabilizing the currency: Saleh stressed that the monetary policies of the central bank, including decisions to raise or lower interest rates, play an important role in stabilizing the local currency.
He explained that these policies aim to achieve a balance between the internal and external value of the currency, which is supposed to contribute to reducing inflation rates.
While these measures are viewed as economic stabilizers, the question remains as to how well they will meet the challenges of rising inflation and other economic pressures.
Economic growth and enhancing the value of the currency: Saleh pointed out that sustainable economic growth enhances the value and stability of the currency.
He stressed that the real factors affecting currency strength include high productivity, good employment, real investment, and innovation.
In this context, many wonder about the ability of the Iraqi economy to achieve this sustainable growth , in light of the challenges it faces, such as low oil prices and political crises.
Technology and Innovation: Stimulating Productivity and Economic Growth: Saleh pointed out that technology and innovation can play a decisive role in improving productivity and economic growth, which enhances the value of the currency.
However, while innovation and technology are positive factors, achieving these goals requires a suitable environment for research and development, as well as effective investment support.
In this regard, questions remain about the extent of Iraq's ability to achieve these requirements amid the current challenges.
The importance of political and administrative stability: Saleh also explained that political stability and the strength of the administrative system are important factors in enhancing confidence in the national currency.
In this context, many wonder about the stability of the political and administrative situation in Iraq, especially in light of the ongoing political crises and administrative challenges.
Achieving political stability may be essential to achieving the desired economic goals.
https://mustaqila.com/هل-قرارات-البنك-المركزي-كافية-لوقف-الت/
While these measures are viewed as economic stabilizers, the question remains as to how well they will meet the challenges of rising inflation and other economic pressures.
Economic growth and enhancing the value of the currency: Saleh pointed out that sustainable economic growth enhances the value and stability of the currency.
He stressed that the real factors affecting currency strength include high productivity, good employment, real investment, and innovation.
In this context, many wonder about the ability of the Iraqi economy to achieve this sustainable growth , in light of the challenges it faces, such as low oil prices and political crises.
Technology and Innovation: Stimulating Productivity and Economic Growth: Saleh pointed out that technology and innovation can play a decisive role in improving productivity and economic growth, which enhances the value of the currency.
However, while innovation and technology are positive factors, achieving these goals requires a suitable environment for research and development, as well as effective investment support.
In this regard, questions remain about the extent of Iraq's ability to achieve these requirements amid the current challenges.
The importance of political and administrative stability: Saleh also explained that political stability and the strength of the administrative system are important factors in enhancing confidence in the national currency.
In this context, many wonder about the stability of the political and administrative situation in Iraq, especially in light of the ongoing political crises and administrative challenges.
Achieving political stability may be essential to achieving the desired economic goals.
https://mustaqila.com/هل-قرارات-البنك-المركزي-كافية-لوقف-الت/
