The CBI Celebrates the Diamond Jubilee

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On Saturday, the CBI held its central celebration on the seventy-fifth anniversary (Diamond Jubilee) of its founding at Babel Hotel in the capital, Baghdad, with the participation of a number of personalities and the banking sector. His Excellency the CBI Governor, Mr. Mustafa Ghalib Mukheef, said in a speech on the occasion: “On these days, seven and a half decades ago, this institution was established that you are proud of today”, stressing that the CBI has a long path in establishing a sober monetary system in Iraq, and contributed in strengthening the economic system and went hand in hand with the financial authority to assign it as an advisor to the government, and to stand behind it in times of adversity.

He added: “The performance of the CBI for more than seven decades has been distinguished by the fact that it is always at a sufficient distance from politics and its repercussions, powers and fluctuations, so we established authentic work traditions that were completely politically neutral about the well-known fluctuations and circumstances that our country went through”, pointing to financial management the state was, and still is, believing that the CBI is the backing for it and other state institutions. He explained that, after 2003, the new CBI law was issued, as its independence was clearly enshrined, and its powers and position in the hierarchy of the economic system in Iraq were consolidated. His distinctive oversight powers were also evident.

His Excellency stressed that our banknotes were issued with the highest quality and the most reliable security features available in the techniques of printing banknotes globally through contracting with the best international printing companies. It ensured the existence of a sound banking system despite the technical and security challenges surrounding this complex environment. The celebration reviewed the history of the CBI since its establishment, as well as organizing dialogue sessions on monetary policy, the new roles of central banks, and the role of women in the CBI.

 

Central Bank of Iraq

Media Office

10.Dec.2022