The Central Bank sets the goal of its call to establish a sovereign fund

On Monday, the Central Financial institution of Iraq clarified the aim of its name to ascertain a sovereign fund.

The Deputy Governor of the Central Financial institution, Ammar Khalaf, stated, “The financial institution’s administration known as for the need of allocating a sovereign fund to make the most of the monetary abundance of the state,” explaining that “the choice of the sovereign fund relies on the Iraqi authorities and the Ministry of Finance within the fundamental diploma.”

Khalaf added in an interview with the official information company, “The Central Financial institution contributes to the administration of this fund.”

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