The Central Bank raises the amounts of its development initiatives to 18 trillion dinars

by **RamblerNash** Mon Jul 11, 2022 9:56 pm

Update 07/09/2022 - 11:07 PM

Economy News _ Baghdad

The Central Bank of Iraq announced, on Tuesday, raising the necessary funding for its development initiatives to 18 trillion dinars.

The Central Bank said in a statement, that "the necessary funding for the development initiative is continuing," noting that "it was decided to raise its financial amounts to reach 18 trillion dinars."

He added that "this increase in the amounts of financial allocations comes in response to the success achieved in the development initiatives launched by the Central Bank of Iraq in financing various private sector projects and housing loans."

He pointed out that "this increase will contribute to financing economic development projects, increasing local production and reducing unemployment by providing job opportunities, as well as contributing to supporting various government efforts to confront climate change."

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