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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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    Al-Sudani's advisor reveals the positives of the Central Bank's interest rate cut

    Rocky
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    Al-Sudani's advisor reveals the positives of the Central Bank's interest rate cut Empty Al-Sudani's advisor reveals the positives of the Central Bank's interest rate cut

    Post by Rocky Sat 02 Nov 2024, 4:39 am

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    [size=52]Al-Sudani's advisor reveals the positives of the Central Bank's interest rate cut[/size]
    • Today 09:38




    Information/Baghdad…
    The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, said that the Central Bank's decision to reduce interest rates to 5.5% encourages lending.
    Mazhar Muhammad Salih said in an interview followed by Al-Maalouma Agency, "The Central Bank's process of reducing interest rates to 5.5% represents an expansionary policy, because it is assumed that when this rate is reduced, all banks will do the same, whether on loans or deposits."
    He pointed out that "in terms of deposits, this decision does not encourage people to put their money in the bank, but it encourages lending."
    He pointed out that "banks have a lot of surpluses, and they are encouraged to grant more credit." End/25
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