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The central bank determines the ways of reforming the economic system
Yesterday's economy, 19:43
Baghdad-WA'i-Hassan Al-Fawwaz
The Central Bank of Iraq, on Wednesday, outlined the paths of reforming the economic system in the country, while announcing support for clean energy by one trillion dinars.
The adviser to the central bank Ihsan shamran al-Yasiri, told the Iraqi News Agency (WA):
"it is not possible to create an economic sector and to attract investors without a successful and healthy banking sector," pointing out that
"the government banking sector acquires a large proportion of the funds of the government or private public; therefore, the reform of the banking sector is a starting point for reforming the economic system. He added that
"the central bank launched an initiative in the amount of 1 trillion dinars to finance the purchase of electricity generation units from renewable energy," noting that
"the initiative is a great starting point to change the views and mood of the public to switch to clean energy. He added that
"the government began more than a year ago to try to switch to clean energy," explaining that
"the Central Bank contributed to the initiative through simple interest-free loans to the family community and the private economic sector.[/font]
Yesterday's economy, 19:43
Baghdad-WA'i-Hassan Al-Fawwaz
The Central Bank of Iraq, on Wednesday, outlined the paths of reforming the economic system in the country, while announcing support for clean energy by one trillion dinars.
The adviser to the central bank Ihsan shamran al-Yasiri, told the Iraqi News Agency (WA):
"it is not possible to create an economic sector and to attract investors without a successful and healthy banking sector," pointing out that
"the government banking sector acquires a large proportion of the funds of the government or private public; therefore, the reform of the banking sector is a starting point for reforming the economic system. He added that
"the central bank launched an initiative in the amount of 1 trillion dinars to finance the purchase of electricity generation units from renewable energy," noting that
"the initiative is a great starting point to change the views and mood of the public to switch to clean energy. He added that
"the government began more than a year ago to try to switch to clean energy," explaining that
"the Central Bank contributed to the initiative through simple interest-free loans to the family community and the private economic sector.[/font]
