The Central Bank holds a seminar with banks


The Central Bank of Iraq announced, on Thursday, the establishment of a discussion forum on the initiative to finance renewable energy, with a value of one trillion dinars.And the Central Bank quoted, in a statement, the Deputy Governor, today (December 23, 2021), that “this initiative opened the door to developing the future of renewable energy in Iraq after coordination with the Ministries of Environment and Electricity.”The Central Bank of Iraq invited representatives of the concerned authorities in the two ministries, governmental and private banks, the Association of Banks and the beneficiaries of its initiative to attend the symposium and discuss the controls for expanding the use of electricity generation systems from renewable energy at the levels of domestic, commercial and industrial use, and financing it in installments for those wishing to benefit from it through an initiative approved by the Bank’s Board of Directors amounted to About a trillion dinars. It is worth mentioning that this initiative was launched under the auspices of the Central Bank of Iraq to alleviate the burden of energy shortage on the citizen, reduce carbon emission rates in the air and maintain a clean environment in Iraq.


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