PIC proposes a special exchange rate to transfer production lines to Iraq

  • 12-01-2021, 09:23
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    Baghdad -INA

    The Economic and Investment Committee confirmed today, Tuesday, its submission of a proposal to revitalize development projects, indicating that excluding some groups in order to advance the industrial and agricultural sector will not affect the budget.

    A member of the committee, Hamed Al-Mousawi, told the Iraqi News Agency (INA): "The committee submitted a proposal that adopts the rounded pricing, meaning that the Central Bank is working on a policy of revitalizing industrial and agricultural development projects by giving concessions to companies that transfer their production lines to Iraq, within a specific time period.