21 Days
Source:
وكالة بغداد اليوم الاخبارية
Iraqi Central Bank Clarifies Monetary Policies
The Iraqi Central Bank confirmed that the difference between discounting transfers and printing money is significant both technically and economically. Discounting transfers provides temporary liquidity and is recovered upon maturity, whereas printing money involves directly issuing new currency, which leads to inflation and currency devaluation, and is prohibited by law. It explained that its role mainly focuses on managing monetary policy and achieving financial stability, using exceptional financial tools within strict regulations. Any measures taken are monitored to assess their impact on the economy.
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