Clare  

Article: ” ‘Hybrid Monetary Policy’.. Al-Sudani’s Advisor Reveals the Central Bank’s New Step”   Quote:  “The Central Bank began…on October 24, to reduce the monetary policy interest rate…by about 200 percentage points, by lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means…an expansionary policy in targeting the money supply...Despite the above…new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations, by offering debt instruments called Islamic certificates of deposit…which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts…with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days.“