The Central Bank of Iraq continues to strengthen its investment work, and it now explains its goals with greater clarity. The bank highlights the Iraq Foreign Reserve Strategy as a major priority, and it connects every action to this growing plan. Moreover, the bank wants to create stronger financial stability across Iraq, so it introduces several improvements to its daily operations.
The Central Bank focuses on lowering risks linked to foreign reserves, and it chooses safer investment paths. The bank seeks steady returns, so it reviews global markets often and adjusts its positions quickly. Furthermore, the bank uses the Iraq Foreign Reserve Strategy to guide all its decisions. As a result, the bank protects national reserves and improves long-term confidence in the Iraqi financial system.
The bank also works to support exchange rate stability, and it supplies foreign currency to meet national demands. It improves the flow of funds, and it boosts channels that help banks receive needed financing. In addition, it connects these channels with market conditions to strengthen flexibility. The Iraq Foreign Reserve Strategy helps the bank shape these measures and ensures stronger currency stability.
The Central Bank monitors risks that come from crude oil revenue currency. Iraq depends on crude oil income, so the bank studies global currency changes each day. It then creates fast responses to protect Iraq’s primary source of foreign currency. Additionally, the bank keeps a strong plan to continue all important operations during emergencies, and it updates these plans often.
The bank manages foreign reserves through direct investment in liquid assets, and it tracks each transaction closely. It prepares daily, monthly, quarterly, and yearly reports, and it reviews balances held with foreign banks. It also aims to increase sovereign returns through better management of crude oil export credits. Because of this effort, the bank strengthens financial stability and improves national revenue.
The Central Bank increases balances for Iraqi banks abroad, and it completes transfers for the Ministry of Finance. It also finalizes investment operations linked to foreign reserves, and it prepares long-term strategic plans. In addition, the bank uses the SWIFT system to complete all international transactions, and it follows global standards for secure communication.
The bank updates the SWIFT system regularly, and it communicates with banks in Iraq to ensure proper procedures. It checks that each bank follows global rules, and it offers guidance when needed. Through these steps, the bank strengthens Iraq’s financial network and builds stronger trust in international markets.