 | The primary objectives of the CBI shall be to achieve and maintain domestic price stability and to foster and maintain a stable and completive market – based financial system subject to these objectives, the CBI shall also promote sustainable growth, employment and prosperity in Iraq.
The functions of the CBI in achieving the objectives mentioned above.
Formulate and implement monetary policy including exchange rate policy for Iraq.
Hold gold and manage the state reserves of gold.
Issue and manage Iraq currency.
Establish oversee and promote sound and efficient payment system.
Issue licenses or permits to banks and to regulate and supervise banks as further specified this law and in the banking law.
Carry out any ancillary tasks or transactions in accidental to the exercise of its functions under Iraqi law.
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