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Central Bank of Iraq

The Central Bank of Iraq (CBI; Arabic: ?????????? ?????????????? ??????????????) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system. History After World War I and the dissolution of the Ottoman Empire, Iraq's monetary system was administered by the British Mandate of Mesopotamia until 1931, when the Iraq Currency Board was established in London to issue the new Iraqi dinar and maintain its reserves. The Iraq Currency Board pursued a "conservative monetary policy, maintaining very high reserves behind the dinar", which was "further strengthened by its link to the British pound". In 1949, the currency board was replaced by the National Bank of Iraq, which had been founded two years before on 16 November 1947. The National Bank of Iraq...

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wikidata.org 0 views · 2024-12-26 21:07:33

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