Shayan: On November 28, 2023, the Department of Finance and Banking organized a highly informative field trip to the Central Bank of Iraq KRG Headquarters. The purpose of the trip was to provide students with a firsthand understanding of the central banking system’s functions, responsibilities, and operations.
Upon arrival, the bank’s representatives warmly welcomed the students, who guided them through various departments. The managers of these departments generously shared their expertise, offering valuable insights into the intricate workings of the Central Bank of Iraq. The students gained in-depth knowledge about the different sections and functions of the bank. They were briefed on the roles and responsibilities of each department, ranging from monetary policy formulation to currency issuance and regulation. These interactions provided a unique opportunity for students to connect theoretical knowledge with practical applications in the real-world financial landscape.
One highlight of the trip was the visit to the Technology and E-Banking Section. The students were given a comprehensive overview of the latest technologies employed by the Central Bank to streamline operations and enhance efficiency. The managers elaborated on the implementation of e-banking systems, emphasizing the role of technology in modern financial institutions.
The field trip proved to be an invaluable experience, bridging the gap between classroom theory and real-world practices. The students left the Central Bank of Iraq KRG Headquarters with a deeper appreciation for the complexities and significance of central banking operations.
This trip has undoubtedly enriched the academic journey of the Department of Finance and Banking students, providing them with practical insights that will undoubtedly contribute to their professional growth in the field.
