Allawi: Through the white paper, we will reform the financial policy

  • 27-11-2020, 13:27
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    Baghdad - INA


     The Minister of Finance, Ali Abdul Amir Allawi, confirmed today, Friday, that the Ministry of Finance, through the White Paper, will reform the financial policy, monitor and change the economy.

     Allawi said during his attendance at the meeting of the Iraqi Private Banks Association, according to a statement received by the Iraqi News Agency (INA) that "the banking sector is one of the most important sectors, and the state is working to support it in order to move the economy," noting that "the current economic reform movement is the most serious and will continue to governments."  Coming. "

     He added 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," explaining that "the Ministry of Finance does not see any alternative but to strengthen the banking sector and push it forward by removing obstacles in front of it."  .

     He noted that "the Ministry of Finance seeks to offer bonds worth 3-5 billion dollars to citizens in the two currencies, the dinar and the dollar," expecting "private and government banks to buy them."

     He pointed out that "the exchange rate of the dinar against the dollar will be fixed when issuing bonds in order to avoid any losses in bond purchases by banks and citizens," stressing that "the Ministry of Finance, through the White Paper, will reform the financial policy and monitor the economy, and change it to keep pace with the global economy," explaining that  The political decisions that were taken in the past have affected the economy. "