Al-Kadhimi’s advisor: The Central Bank’s initiative aims to finance housing complexes for low-income classes

Baghdad-INA
The financial advisor to the Prime Minister, Mudhir Muhammad Salih, announced 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 activating the labor market. Salih told the Iraqi News Agency (INA): The monetary policy of the Central Bank of Iraq in recent years has accompanied the changes in 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 expanded in the world in general and the Central Bank of Iraq in particular towards moving the real economy instead of focusing on the symbolic economy.
Saleh pointed out that "fighting economic stagnation and unemployment has become at the main 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 referred that the Central Bank's initiative today focuses on financing the construction of housing complexes for the low-income classes within the framework of systematic urban planning for future cities.
Central Bank Governor, Mustafa Ghalib Makhif, 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.