Parliamentary investment: monetary policy led to the accumulation of money in homes
Parliamentary investment: monetary policy led to the accumulation of money in homes
1-8-2023
Information/Baghdad..
The Investment Committee in the House of Representatives confirmed, on Sunday, that fear of Iraq’s monetary policy pushes citizens to store money in their homes.
Committee member Muhammad al-Ziyadi said, in an interview seen by / information /, that his committee “is working on how to develop the banking sector in order to support the private sector through dealings in granting advances, loans, profits and interest,” stressing “the need to adopt a policy of currency circulation.”
Al-Ziyadi added, “There are many issues that must be discussed with those in charge of the central bank or those responsible for the financial sector, in order to limit the storage of money in the coffers of citizens’ homes because of their fear of the country’s monetary policy.”
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