Tuesday 11 August 2015 13:21
Activating the role of the private sector in the country, a step the Iraqi Central Bank is seeking to achieve through the support of civil and sectoral banks, five trillion dinars is the amount allocated by the bank to support of farm, industrial and real estate banking and housing, which called on the Economic Commission parliamentary to hold an expanded forum for this matter to discuss ways to distribute those money and invested properly. He said on the Keywords , Governor of the Central Bank, "the oldest central bank that advanced a step forward in this framework as a new start and motivation can move to this approach and that the true meaning of his frame through the allocated amounts to banks in order to be as pumps that can expand capacity towards the achievement of the country's productive base. "
He said Ali Sabih, president of the Federation of Industries of Iraq , that "this is a good and a new gesture for the first time despite the weak budget." for the economic and investment commission parliamentary promised the move positive as will contribute to job creation and the reduction of the poverty rate in the country. He said Jawad al-Bolani, chairman of the economics parliamentary , that "this initiative can the labor market and absorb unemployment is widely move and check part of the process of activity in the affordable housing market for the benefit of many of the citizens of Iraq." strengthen the banking structure that is one of the most important sectors after oil and support by the government may limit the financial crises and contribute to maintaining the stability of the domestic market and the stability of foreign exchange rates. You can watch the video report above.
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