The Parliamentary Finance Committee commends the Central Bank’s move to establish a platform for letters of guarantee
The Parliamentary Finance Committee praised the Central Bank’s move to establish a platform for letters of guarantee that eliminated fake projects in the government.
A member of the committee, Jamal Cougar, told “Economy News”, “The establishment of a platform for letters of guarantee is a very important step that leads to the reduction of fictitious projects.”
He added that “the Iraqi state was suffering from phantom projects due to rampant corruption, but the platform for letters of guarantee created by the Central Bank is very important to reduce that.”
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