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Yesterday, Friday, the Minister of Finance, Ali Abdul Amir Allawi, revealed that his ministry is seeking to offer bonds worth 3 to 5 billion dollars to citizens in the two dinar currencies and the dollar.
Allawi said, while attending a seminar for the Association of Private Banks: “The banking sector is one of the most important economic sectors, and the state is working to support it in order to move the economy,” indicating that “the current economic reform movement is the most serious and will continue to governments.
Allawi indicated that «the Ministry of Finance is working to strengthen the infrastructure for the advancement of all economic sectors, especially the banking sector in order to support investment projects in Iraq, and it does not see any alternative but to strengthen the banking sector and push it forward by removing the obstacles in front of it.
He noted that «the ministry is seeking to offer bonds worth 3-5 billion dollars, to citizens in dinars and dollars, and we expect private and government banks to buy them», explaining that the exchange rate of the dinar against the dollar will be fixed when issuing bonds, in order to avoid any losses in the purchase of bonds before.
He emphasized that the Ministry of Finance, through the White Paper, will reform the fiscal policy, monitor the economy, and change it to keep pace with the global economy, noting that the political decisions that were taken in the past have affected
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