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Central Bank: We launched an initiative worth one trillion dinars to support clean energy
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Economy News - Baghdad
On Wednesday, the Central Bank of Iraq identified paths to reform the country's economic system, while announcing clean energy support with one trillion dinars.
"It is not possible to create an economic sector or attract investors without a successful and healthy banking sector," said the Central Bank's advisor, Ihsan Shamran al-Yasiri, to the official news agency, pointing out that "the government banking sector acquires a large percentage of the government or private public's funds, so reforming the banking sector." It is a starting point for reforming the economic system."
He added, "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 constitutes a great starting point for changing the destinations and mood of the public to switch to clean energy."
He continued, "The government began more than a year ago trying to switch to clean energy," explaining that "the Central Bank contributed to the initiative through simple, interest-free loans for the family community and the private economic sector."
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Added 11/23/2022 - 8:15 PM
Updated 11/24/2022 - 11:54 AM
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Economy News - Baghdad
On Wednesday, the Central Bank of Iraq identified paths to reform the country's economic system, while announcing clean energy support with one trillion dinars.
"It is not possible to create an economic sector or attract investors without a successful and healthy banking sector," said the Central Bank's advisor, Ihsan Shamran al-Yasiri, to the official news agency, pointing out that "the government banking sector acquires a large percentage of the government or private public's funds, so reforming the banking sector." It is a starting point for reforming the economic system."
He added, "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 constitutes a great starting point for changing the destinations and mood of the public to switch to clean energy."
He continued, "The government began more than a year ago trying to switch to clean energy," explaining that "the Central Bank contributed to the initiative through simple, interest-free loans for the family community and the private economic sector."
Views 329
Added 11/23/2022 - 8:15 PM
Updated 11/24/2022 - 11:54 AM
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