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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Counselor Saleh comments about the pumping of hundreds of billions by the Central Bank of Iraq

    Rocky
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    Counselor Saleh comments about the pumping of hundreds of billions by the Central Bank of Iraq Empty Counselor Saleh comments about the pumping of hundreds of billions by the Central Bank of Iraq

    Post by Rocky Wed Jun 23, 2021 8:20 am

    [size=36]Counselor Saleh comments about the pumping of hundreds of billions by the Central Bank of Iraq[/size]



     
    Baghdad/
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced today, Wednesday, the importance of the recent Central Bank initiative, and indicated that it aims to finance housing complexes for low-income classes, stressing that the initiative represents a strategic goal by moving the labor market.
    Saleh said, to the official agency, that "the monetary policy of the Central Bank of Iraq in recent years has accompanied the changes witnessed by monetary policies in the whole world, especially in the face of the long-term economic and technological stagnation that hit the economies of the world," noting that "the objectives of monetary policies have expanded in the world in general. And the Central Bank of Iraq, especially towards moving the real economy instead of focusing on the symbolic economy.”
    He added, "The double crisis that Iraq witnessed in the war on ISIS terrorism and the decline in oil revenues between the years 2014 to 2017, prompted the Central Bank of Iraq to present a $5 billion initiative to support the real sectors (real estate, industrial and agricultural), including youth loans, with concessional financing terms. Long-term and low interest rates, which have recently reached the level of cancellation, especially for real estate loans.”
    Saleh pointed out that “the fight against economic stagnation and unemployment has become at the core of the current monetary policy of the Central Bank of Iraq and is no less important than fighting the problems of hyperinflation that the bank adopted during the first decade of the third millennium,” noting that “inflation and stagnation exhaust the national economy and lead to serious deviations in the economy.” The issues of production and investment on the one hand and the distribution of income on the other hand.”
    Saleh pointed out that "the Central Bank's initiative today is spent on financing the construction of housing complexes for low-income classes within the framework of systematic urban planning for future cities, away from the pressure of existing cities and the problems they may cause in the rise of real estate rents and pressure on existing infrastructure networks."
    He continued, "The focus on real estate financing represents a strategic goal for monetary policy in moving the labor market, as the construction sector embraces at least 18 percent of the labor force, and it can move two hundred different work paragraphs at the same time."
    He explained, "The back and front links of the housing finance sector from the monetary policy side are a carefully studied issue in addressing the economic stagnation and unemployment crises in the national economy on the one hand, and the provision of housing supply within the sustainable development goals on the other hand."
    Yesterday, Tuesday, Central Bank Governor Mustafa Ghaleb Makheef revealed the launch of an initiative worth 5 trillion, in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as the imminent issuance of bonds that enable citizens to invest their money.
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