CBI supports eight sports clubs
December 13, 2020
Based on the importance of supporting the youth and sports sector in Iraq, His Excellency the Governor of the Central Bank, Mr. Mustafa Ghaleb Mukhaif, announced an initiative to support eight sports clubs. This came during his participation in a ceremony organized in Baghdad in the presence of His Excellency the Minister of Youth and Sports Captain Adnan Darjal, government and parliamentary figures, in addition to the heads and pioneers of sports clubs and representatives of the banking sector.The initiative, which launched through the Tamkeen Initiative Fund, which supervised by the Central Bank and sponsored by banks and exchange companies. The initiative appreciated by His Excellency the Minister of Youth and Sports and those concerned with this sector. Stressed that the initiative will greatly contribute to the progress of the clubs ’work and help them in light of the financial distress the country is experiencing.To that, His Excellency the Governor of Central Bank of Iraq stressed the necessity for sports clubs to go to the field of investment to face financial hardship and to enhance self-resources. The initiative included the following clubs (Al-Samawah, Al-Qasim, Al-Diwaniyah, Najaf, Zakho, Erbil, Nasiriyah, and Al-Shatrah).Central Bank of Iraq
Media Office
13 December 2020
