The Central Bank of Iraq supports cultural revival with 3 billion dinars through a major rehabilitation campaign. The funding marked the 50th anniversary of the House of Public Cultural Affairs. Moreover, officials celebrated the Golden Jubilee with an art festival in Baghdad.
Governor Ali Mohsen Al-Alaq attended the ceremony and addressed guests. Cultural leaders and banking representatives joined the event. In addition, the Association of Iraqi Private Banks implemented parts of the rebuilding campaign.
Iraq Central Bank supports cultural revival with 3 billion dinars as part of its broader community strategy. The rehabilitation restored the House of Public Cultural Affairs and upgraded its facilities. Organizers reopened the building after completing reconstruction and modernization works.
Officials stressed the importance of supporting national cultural institutions. They highlighted the role of such institutions in preserving Iraq’s civil heritage. Furthermore, speakers emphasized how culture strengthens identity and encourages creative expression.
During his speech, Ali Mohsen Al-Alaq described the Dar as a meaningful cultural platform. He said the institution plays a vital role in preserving Iraqi heritage. Additionally, he affirmed that the Central Bank backs initiatives that keep national traditions alive.
Iraq Central Bank supports cultural revival with 3 billion dinars based on a belief in sustainable development. The governor linked culture to long-term community growth. He explained that cultural investment supports social stability and national pride. Therefore, the bank considers cultural engagement part of its institutional responsibility.
The campaign formed part of the bank’s wider direction toward community initiatives. Leaders aim to strengthen partnerships with national institutions. They believe cooperation between financial bodies and cultural centers can support development pathways. Consequently, this partnership model may expand in the future.
The House of Public Cultural Affairs has served Iraqi writers and artists for 50 years. It has published books and organized literary events. Moreover, it has contributed to shaping Iraq’s intellectual landscape. The Golden Jubilee celebration recognized these decades of cultural contribution.
The 3 billion dinar donation financed reconstruction, technical upgrades, and facility improvements. Organizers also prepared new spaces for exhibitions and public events. As a result, the house can now host larger cultural activities and creative programs.
Observers view this initiative as a sign of stronger integration between economic and cultural sectors. Financial institutions increasingly engage in social responsibility programs. Meanwhile, cultural institutions seek sustainable funding sources.
Overall, Iraq Central Bank supports cultural revival with 3 billion dinars in a landmark initiative. The reopening signals renewed commitment to preserving Iraq’s heritage. Leaders now encourage continued collaboration to nurture creativity across the country.