Addressing the problems of the Iraqi financial system

Addressing the problems of the Iraqi financial system link The financial system in Iraq consists of a group of institutions and structures that manage the financial and economic affairs of the country. Here are the components of this system in detail:  1. Central Bank of Iraq: - Role: It is considered the body responsible for implementing monetary policy, issuing currency, and managing cash reserves. - Objectives: price stability, exchange rate stability, and encouraging economic growth.  2. Commercial banks: - Its types: include government banks such as Rafidain Bank and Rashid Bank, in addition to local and foreign private banks. - Services: Providing loans, opening accounts, making money transfers, and financing projects.  3. Specialized banks: Examples: Real Estate Bank, Agricultural Bank. - Focus: Providing financial services to specific sectors such as agriculture and real estate.  4. Stock market: - Iraq Stock Exchange (ISX): is the place where stocks and bonds are traded. - Objective: To promote investment and develop financial markets. 5. Ministry of Finance: - Role: Preparing and implementing the state’s financial policy, managing government revenues and expenditures.