{"id":65026,"date":"2025-09-25T23:22:17","date_gmt":"2025-09-25T22:22:17","guid":{"rendered":"https:\/\/www.gil24.com\/360\/?p=65026"},"modified":"2025-09-25T23:22:19","modified_gmt":"2025-09-25T22:22:19","slug":"%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%ba%d8%b1%d8%a8-%d9%8a%d8%ab%d8%a8%d8%aa-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d9%81%d8%a7%d8%a6%d8%af%d8%a9-%d8%b9%d9%86%d8%af-3-%d9%88%d8%b3%d8%b7-%d8%aa%d8%a8","status":"publish","type":"post","link":"https:\/\/www.gil24.com\/360\/%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%ba%d8%b1%d8%a8-%d9%8a%d8%ab%d8%a8%d8%aa-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d9%81%d8%a7%d8%a6%d8%af%d8%a9-%d8%b9%d9%86%d8%af-3-%d9%88%d8%b3%d8%b7-%d8%aa%d8%a8\/","title":{"rendered":"\u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u064a\u062b\u0628\u062a \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0646\u062f 3% \u0648\u0633\u0637 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u062a\u062f\u0647\u0648\u0631 &#8220;\u0645\u0642\u0644\u0642&#8221; \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0634\u063a\u0644"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u062f\u0627\u0631 \u0627\u0644\u0628\u064a\u0636\u0627\u0621 \u2013 \u062a\u0642\u0631\u064a\u0631 \u062e\u0627\u0635:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0623\u0639\u0642\u0627\u0628 \u0627\u062c\u062a\u0645\u0627\u0639 \u0645\u0637\u0648\u0644 \u0644\u0645\u062c\u0644\u0633 \u0627\u0644\u0628\u0646\u0643 \u0647\u0648 \u0627\u0644\u0623\u062e\u064a\u0631 \u0644\u0639\u0627\u0645 2023\u060c \u0642\u0631\u0631 \u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u0627\u0644\u0625\u0628\u0642\u0627\u0621 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a (Taux Directeur) <strong>\u062f\u0648\u0646 \u062a\u063a\u064a\u064a\u0631 \u0639\u0646\u062f \u0645\u0633\u062a\u0648\u0649 3%<\/strong>. \u0648\u0623\u0643\u062f \u0627\u0644\u0645\u062c\u0644\u0633 \u0623\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 &#8220;\u064a\u0628\u0642\u0649 \u0645\u0646\u0627\u0633\u0628\u0627\u064b \u0648\u0645\u0634\u062c\u0639\u0627\u064b \u0644\u0639\u0648\u062f\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u062a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u0647\u062f\u0641 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0623\u0633\u0639\u0627\u0631&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0623\u0634\u0627\u0631 \u0648\u0627\u0644\u064a \u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639 \u0627\u0633\u062a\u063a\u0631\u0642 \u0648\u0642\u062a\u0627\u064b \u0637\u0648\u064a\u0644\u0627\u064b (\u0623\u0643\u062b\u0631 \u0645\u0646 5 \u0633\u0627\u0639\u0627\u062a) \u0646\u0638\u0631\u0627\u064b \u0644\u062a\u0646\u0627\u0648\u0644 \u0645\u0648\u0627\u0636\u064a\u0639 \u0639\u062f\u064a\u062f\u0629 \u062e\u0627\u0631\u062c \u0646\u0637\u0627\u0642 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0646\u0642\u062f\u064a\u0629. \u0648\u0642\u062f \u0627\u0633\u062a\u0639\u0631\u0636 \u0627\u0644\u0645\u062c\u0644\u0633 \u0627\u0644\u062a\u0637\u0648\u0631\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0648\u0637\u0646\u064a\u0629 \u0648\u0627\u0644\u062f\u0648\u0644\u064a\u0629\u060c \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u062a\u0642\u062f\u064a\u0645 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0628\u0646\u0643 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0645\u062a\u0648\u0633\u0637.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0645\u062d\u0648\u0631 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0634\u0647\u062f \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0648\u0637\u0646\u064a \u062a\u0628\u0627\u0637\u0624\u0627\u064b \u0645\u0633\u062a\u0645\u0631\u0627\u064b \u0645\u0646\u0630 \u0645\u0627\u0631\u0633 2023. \u0648\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0628\u0644\u063a \u0645\u062a\u0648\u0633\u0637\u0647 <strong>6.1% \u0641\u064a \u0639\u0627\u0645 2023<\/strong>\u060c \u0628\u0627\u0646\u062e\u0641\u0627\u0636 \u0639\u0646 6.6% \u0641\u064a \u0639\u0627\u0645 2022. \u0648\u062a\u0634\u064a\u0631 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0625\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u062d\u0627\u062f \u0641\u064a \u0627\u0644\u062a\u0636\u062e\u0645 \u0644\u064a\u0635\u0644 \u0625\u0644\u0649 <strong>2.4% \u0641\u064a \u0639\u0627\u0645\u064a 2024 \u0648 2025<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u064a\u064f\u0639\u0632\u0649 \u0647\u0630\u0627 \u0627\u0644\u062a\u0628\u0627\u0637\u0624\u060c \u062c\u0632\u0626\u064a\u0627\u064b\u060c \u0625\u0644\u0649 \u0627\u0644\u0625\u0639\u0644\u0627\u0646 \u0639\u0646 <strong>\u0627\u0644\u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u062a\u062f\u0631\u064a\u062c\u064a \u0644\u062f\u0639\u0645 \u0628\u0639\u0636 \u0627\u0644\u0645\u0648\u0627\u062f<\/strong> \u0636\u0645\u0646 \u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2024. \u0643\u0645\u0627 \u0644\u0648\u062d\u0638 \u0623\u0646 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u063a\u0630\u0627\u0626\u064a\u0629 \u0627\u0644\u0645\u062a\u0642\u0644\u0628\u0629\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u0627\u0644\u0645\u062d\u0631\u0643 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0644\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u060c \u0633\u062c\u0644\u062a <strong>\u0623\u0648\u0644 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u0635\u0644\u064a \u0644\u0647\u0627 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b \u0645\u0646 2023<\/strong>\u060c \u0628\u0639\u062f \u0633\u0628\u0639\u0629 \u0623\u0631\u0628\u0627\u0639 \u0645\u062a\u062a\u0627\u0644\u064a\u0629 \u0645\u0646 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0642\u0631\u0627\u0631 \u062a\u062b\u0628\u064a\u062a \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0623\u0643\u062f \u0627\u0644\u0628\u0646\u0643 \u0623\u0646 \u0627\u0644\u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u062b\u0644\u0627\u062b\u0629 \u0627\u0644\u0633\u0627\u0628\u0642\u0629 \u0644\u0631\u0641\u0639 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 (\u0625\u062c\u0645\u0627\u0644\u064a 150 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633) \u0642\u062f \u0627\u0646\u062a\u0642\u0644\u062a \u0628\u0627\u0644\u0641\u0639\u0644 \u0625\u0644\u0649 \u0634\u0631\u0648\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u060c \u0648\u0644\u0643\u0646 \u0644\u064a\u0633 \u0628\u0634\u0643\u0644 \u0643\u0627\u0645\u0644. \u0641\u0642\u062f \u0627\u0631\u062a\u0641\u0639\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u062f\u0627\u0626\u0646\u0629 \u0639\u0644\u0649 \u0627\u0644\u0632\u0628\u0627\u0626\u0646 \u0628\u0645\u0639\u062f\u0644 \u062a\u0631\u0627\u0643\u0645\u064a \u0628\u0644\u063a <strong>112 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633<\/strong>. \u0648\u0644\u0648\u062d\u0638 \u0623\u0646 \u0627\u0644\u0623\u062b\u0631 \u0643\u0627\u0646 \u0623\u0642\u0644 \u0639\u0644\u0649 \u0627\u0644\u0642\u0631\u0648\u0636 \u0627\u0644\u0645\u0648\u062c\u0647\u0629 \u0644\u0644\u0623\u0641\u0631\u0627\u062f (61 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633)\u060c \u0641\u064a \u062d\u064a\u0646 \u0627\u0631\u062a\u0641\u0639 \u0639\u0644\u0649 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0643\u0628\u0631\u0649 (118 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0646\u0645\u0648 \u0645\u062a\u0648\u0627\u0636\u0639 \u0648\u062a\u062f\u0647\u0648\u0631 &#8220;\u062d\u0633\u0627\u0633&#8221; \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0634\u063a\u0644<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0645\u0646 <strong>2.7% \u0641\u064a 2023<\/strong> \u0625\u0644\u0649 <strong>3.2% \u0641\u064a 2024<\/strong> \u0648 <strong>3.4% \u0641\u064a 2025<\/strong>. \u0648\u062a\u0633\u062a\u0646\u062f \u062a\u0648\u0642\u0639\u0627\u062a 2024 \u0648 2025 \u0639\u0644\u0649 \u0627\u0641\u062a\u0631\u0627\u0636 \u0645\u062a\u0648\u0633\u0637 \u0645\u062d\u0635\u0648\u0644 \u0632\u0631\u0627\u0639\u064a \u064a\u0628\u0644\u063a <strong>70 \u0645\u0644\u064a\u0648\u0646 \u0642\u0646\u0637\u0627\u0631<\/strong>\u060c \u0648\u0647\u0648 \u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u0639\u062a\u0645\u062f \u0644\u0644\u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0623\u062e\u064a\u0631\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0631\u063a\u0645 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0628\u0634\u0631\u064a\u0629 \u0627\u0644\u0641\u0627\u062f\u062d\u0629 \u062c\u0631\u0627\u0621 \u0632\u0644\u0632\u0627\u0644 \u0627\u0644\u062d\u0648\u0632\u060c \u0623\u0643\u062f\u062a \u0627\u0644\u062a\u062d\u0644\u064a\u0644\u0627\u062a \u0623\u0646 <strong>\u0627\u0644\u062a\u062f\u0627\u0639\u064a\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0643\u0627\u0646\u062a \u0645\u062d\u062f\u0648\u062f\u0629<\/strong>. \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u062a\u064f\u0628\u062f\u064a <strong>\u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0627\u0644\u0623\u0648\u0631\u0627\u0634 \u0627\u0644\u0643\u0628\u0631\u0649<\/strong> (\u0627\u0644\u062a\u064a \u0647\u064a \u0642\u064a\u062f \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0623\u0648 \u0627\u0644\u062a\u062e\u0637\u064a\u0637) \u0623\u0645\u0644\u0627\u064b \u0641\u064a \u0625\u062d\u062f\u0627\u062b &#8220;\u062f\u064a\u0646\u0627\u0645\u064a\u0629 \u062c\u062f\u064a\u062f\u0629 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0648\u0627\u0644\u0637\u0648\u064a\u0644&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0643\u0646 \u0627\u0644\u062a\u062d\u062f\u064a \u0627\u0644\u0623\u0643\u0628\u0631 \u064a\u0643\u0645\u0646 \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0634\u063a\u0644\u060c \u062d\u064a\u062b \u0633\u062c\u0644\u062a \u0627\u0644\u0623\u0631\u0642\u0627\u0645 &#8220;\u062a\u062f\u0647\u0648\u0631\u0627\u064b \u062d\u0633\u0627\u0633\u0627\u064b&#8221; \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b \u0645\u0646 \u0639\u0627\u0645 2023. \u0641\u0642\u062f \u0641\u064f\u0642\u062f \u062d\u0648\u0627\u0644\u064a <strong>297 \u0623\u0644\u0641 \u0648\u0638\u064a\u0641\u0629<\/strong> \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b 2022\u060c \u0648\u0643\u0627\u0646 \u0645\u0639\u0638\u0645 \u0647\u0630\u0627 \u0627\u0644\u0641\u0642\u062f \u0641\u064a \u0627\u0644\u0648\u0633\u0637 \u0627\u0644\u0642\u0631\u0648\u064a. \u0648\u0642\u062f \u0627\u0631\u062a\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0646 11.4% \u0625\u0644\u0649 <strong>13.5%<\/strong>. \u0648\u0627\u0644\u0623\u0643\u062b\u0631 \u0625\u062b\u0627\u0631\u0629 \u0644\u0644\u0642\u0644\u0642 \u0647\u0648 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0628\u064a\u0646 \u0627\u0644\u0634\u0628\u0627\u0628 \u0644\u064a\u0635\u0644 \u0625\u0644\u0649 <strong>49.7%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0633\u062a \u0627\u0644\u0634\u063a\u0644\u060c \u062d\u064a\u062b \u0633\u062c\u0644\u062a \u0627\u0644\u0623\u0631\u0642\u0627\u0645 &#8220;\u062a\u062f\u0647\u0648\u0631\u0627\u064b \u062d\u0633\u0627\u0633\u0627\u064b&#8221; \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b \u0645\u0646 \u0639\u0627\u0645 2023. \u0641\u0642\u062f \u0641\u064f\u0642\u062f \u062d\u0648\u0627\u0644\u064a <strong>297 \u0623\u0644\u0641 \u0648\u0638\u064a\u0641\u0629<\/strong> \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b 2022\u060c \u0648\u0643\u0627\u0646 \u0645\u0639\u0638\u0645 \u0647\u0630\u0627 \u0627\u0644\u0641\u0642\u062f \u0641\u064a \u0627\u0644\u0648\u0633\u0637 \u0627\u0644\u0642\u0631\u0648\u064a. \u0648\u0642\u062f \u0627\u0631\u062a\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0646 11.4% \u0625\u0644\u0649 <strong>13.5%<\/strong>. \u0648\u0627\u0644\u0623\u0643\u062b\u0631 \u0625\u062b\u0627\u0631\u0629 \u0644\u0644\u0642\u0644\u0642 \u0647\u0648 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0628\u064a\u0646 \u0627\u0644\u0634\u0628\u0627\u0628 \u0644\u064a\u0635\u0644 \u0625\u0644\u0649 <strong>49.7%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0633\u062a\u062f\u0627\u0645\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646\u0627\u062a \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629 \u0648\u0627\u0644\u062a\u062d\u0648\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a\u0645\u0627 \u064a\u062a\u0639\u0644\u0642 \u0628\u0627\u0644\u062a\u0648\u0627\u0632\u0646\u0627\u062a \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629\u060c \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0646\u062e\u0641\u0636 \u0639\u062c\u0632 \u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u062c\u0627\u0631\u064a \u0625\u0644\u0649 <strong>1.6% \u0645\u0646 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a<\/strong> \u0641\u064a 2023. \u0643\u0645\u0627 \u0633\u062a\u0638\u0644 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0631\u0633\u0645\u064a\u0629 \u0645\u0633\u062a\u0642\u0631\u0629\u060c \u0645\u062a\u0648\u0642\u0639\u0629 \u0639\u0646\u062f <strong>360 \u0645\u0644\u064a\u0627\u0631 \u062f\u0631\u0647\u0645<\/strong> \u0646\u0647\u0627\u064a\u0629 2023\u060c \u0648\u0647\u064a \u062a\u063a\u0637\u064a 5 \u0623\u0634\u0647\u0631 \u0648\u0646\u0635\u0641 \u0645\u0646 \u0627\u0644\u0648\u0627\u0631\u062f\u0627\u062a\u060c \u0648\u062a\u0628\u0642\u0649 \u0636\u0645\u0646 \u062d\u062f\u0648\u062f \u0627\u0644\u0646\u0637\u0627\u0642 \u0627\u0644\u0645\u0648\u0635\u0649 \u0628\u0647 \u0645\u0646 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0646\u0642\u062f \u0627\u0644\u062f\u0648\u0644\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u062a\u064f\u0639\u062f \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u062d\u0629 \u0648\u062a\u062d\u0648\u064a\u0644\u0627\u062a \u0627\u0644\u0645\u063a\u0627\u0631\u0628\u0629 \u0627\u0644\u0645\u0642\u064a\u0645\u064a\u0646 \u0628\u0627\u0644\u062e\u0627\u0631\u062c \u0631\u0643\u064a\u0632\u0629 \u0623\u0633\u0627\u0633\u064a\u0629:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u062d\u0629:<\/strong> \u064a\u064f\u062a\u0648\u0642\u0639 \u062a\u0633\u062c\u064a\u0644 \u0631\u0642\u0645 \u0642\u064a\u0627\u0633\u064a \u062c\u062f\u064a\u062f \u0628\u0646\u062d\u0648 <strong>106 \u0645\u0644\u064a\u0627\u0631 \u062f\u0631\u0647\u0645<\/strong> \u0641\u064a 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>\u062a\u062d\u0648\u064a\u0644\u0627\u062a \u0627\u0644\u0645\u0647\u0627\u062c\u0631\u064a\u0646:<\/strong> \u064a\u064f\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0648\u0627\u0635\u0644 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0644\u062a\u0635\u0644 \u0625\u0644\u0649 <strong>120 \u0645\u0644\u064a\u0627\u0631 \u062f\u0631\u0647\u0645 \u0641\u064a 2025<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>\u0635\u0627\u062f\u0631\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0631\u0627\u062a:<\/strong> \u064a\u064f\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0628\u0644\u063a \u0635\u0627\u062f\u0631\u0627\u062a \u0642\u0637\u0627\u0639 \u0627\u0644\u0633\u064a\u0627\u0631\u0627\u062a 190 \u0645\u0644\u064a\u0627\u0631 \u062f\u0631\u0647\u0645 \u0641\u064a 2025\u060c \u0645\u0627 \u064a\u062f\u0644 \u0639\u0644\u0649 &#8220;\u0627\u0644\u0623\u062f\u0627\u0621 \u0627\u0644\u0642\u0648\u064a&#8221; \u0644\u0644\u0642\u0637\u0627\u0639.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0633\u062a\u0639\u062f\u0627\u062f\u0627\u062a \u0644\u0644\u0642\u0641\u0632\u0629 \u0627\u0644\u0646\u0648\u0639\u064a\u0629: \u0627\u0633\u062a\u0647\u062f\u0627\u0641 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0634\u0641 \u0627\u0644\u0648\u0627\u0644\u064a \u0639\u0646 \u0627\u0639\u062a\u0645\u0627\u062f <strong>\u0627\u0644\u062e\u0637\u0629 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0633\u0627\u062f\u0633\u0629 \u0644\u0644\u0628\u0646\u0643 (2024-2028)<\/strong>\u060c \u0627\u0644\u062a\u064a \u062a\u0631\u062a\u0643\u0632 \u0639\u0644\u0649 \u0645\u062d\u0648\u0631\u064a\u0646 \u0631\u0626\u064a\u0633\u064a\u064a\u0646. \u0648\u0623\u0634\u0627\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u062a\u062d\u0648\u0644 \u0627\u0644\u0623\u0647\u0645 \u0644\u0644\u0628\u0646\u0643 \u0647\u0648 \u0627\u0644\u062a\u062d\u0636\u064a\u0631 \u0644\u0644\u0627\u0646\u062a\u0642\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u062b\u0627\u0646\u064a\u0629 \u0645\u0646 \u0646\u0638\u0627\u0645 \u0627\u0644\u0635\u0631\u0641\u060c \u062b\u0645 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644 \u0625\u0644\u0649 <strong>&#8220;\u0627\u0633\u062a\u0647\u062f\u0627\u0641 \u0627\u0644\u062a\u0636\u062e\u0645&#8221;<\/strong> (Ciblage de l&#8217;inflation). \u0648\u0634\u062f\u062f \u0627\u0644\u0648\u0627\u0644\u064a \u0639\u0644\u0649 \u0623\u0646 \u0647\u0630\u0627 &#8220;\u0627\u0644\u062a\u062d\u0648\u0644 \u0627\u0644\u0646\u0648\u0639\u064a \u0627\u0644\u0647\u0627\u0626\u0644&#8221; \u064a\u062a\u0637\u0644\u0628 \u0645\u0631\u0627\u062c\u0639\u0629 \u0646\u0645\u0627\u0630\u062c \u0627\u0644\u062a\u0646\u0628\u0624 \u0648\u062a\u0648\u0641\u064a\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u0648\u062b\u0648\u0642\u0629 \u0648\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0645\u0646 \u0636\u0645\u0646 \u0627\u0644\u0645\u0628\u0627\u062f\u0631\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0623\u062e\u0631\u0649:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1. <strong>\u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0644\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a (MNBC):<\/strong> \u062a\u0647\u062f\u0641 \u0628\u0634\u0643\u0644 \u0623\u0633\u0627\u0633\u064a \u0625\u0644\u0649 <strong>\u0627\u0644\u0634\u0645\u0648\u0644 \u0627\u0644\u0645\u0627\u0644\u064a<\/strong> \u0641\u064a \u0627\u0644\u0645\u063a\u0631\u0628\u060c \u0648\u062a\u064f\u0639\u062a\u0628\u0631 \u0639\u0645\u0644\u064a\u0629 \u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0623\u0645\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. <strong>\u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0634\u0641\u0631\u0629 (Cryptoactifs):<\/strong> \u0623\u0634\u0627\u0631 \u0627\u0644\u0648\u0627\u0644\u064a \u0625\u0644\u0649 \u0625\u062d\u0631\u0627\u0632 \u062a\u0642\u062f\u0645 \u0643\u0628\u064a\u0631 \u0641\u064a \u0627\u0644\u0645\u0634\u0631\u0648\u0639\u060c \u0644\u0643\u0646\u0647 \u064a\u064f\u0631\u0627\u062c\u0639 \u062d\u0627\u0644\u064a\u0627\u064b \u0644\u064a\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u062a\u0648\u0635\u064a\u0627\u062a \u0645\u062c\u0645\u0648\u0639\u0629 \u0627\u0644\u0639\u0634\u0631\u064a\u0646 \u0627\u0644\u0623\u062e\u064a\u0631\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. <strong>\u062a\u062e\u0636\u064a\u0631 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a:<\/strong> \u0628\u062f\u0623 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0639\u0645\u0644 \u0639\u0644\u0649 \u0631\u0641\u0639 \u0646\u0633\u0628\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u062e\u0636\u0631\u0627\u0621 \u0636\u0645\u0646 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a\u0647 \u0644\u062a\u0635\u0644 \u0625\u0644\u0649 <strong>8%<\/strong>\u060c \u0625\u064a\u0645\u0627\u0646\u0627\u064b \u0645\u0646\u0647 \u0628\u0636\u0631\u0648\u0631\u0629 &#8220;\u062a\u062e\u0636\u064a\u0631&#8221; \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0628\u0646\u0643\u064a \u0648\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0633\u062a\u0639\u062f\u0627\u062f\u0627\u064b \u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u0629 \u0648\u0627\u0644\u062f\u064a\u0646 \u0627\u0644\u0639\u0627\u0645<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u0634\u0627\u0631 \u0648\u0627\u0644\u064a \u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0627\u0644\u062a\u064a \u0633\u062c\u0644\u0647\u0627 \u0627\u0644\u0628\u0646\u0643 \u0641\u064a \u0639\u0627\u0645 2022 \u0643\u0627\u0646\u062a \u0646\u062a\u064a\u062c\u0629 <strong>&#8220;\u0627\u0644\u0645\u0624\u0648\u0646\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0645 \u062a\u0643\u0648\u064a\u0646\u0647\u0627 \u0628\u062e\u0635\u0648\u0635 \u0645\u062d\u0641\u0638\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0635\u0631\u0641&#8221;<\/strong> \u0628\u0633\u0628\u0628 \u0627\u0644\u0632\u064a\u0627\u062f\u0627\u062a \u0627\u0644\u0633\u0631\u064a\u0639\u0629 \u0648\u0627\u0644\u0642\u0648\u064a\u0629 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629. \u0648\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0646\u0639\u0643\u0633 \u0647\u0630\u0627 \u0627\u0644\u0648\u0636\u0639 \u0625\u064a\u062c\u0627\u0628\u0627\u064b \u0639\u0644\u0649 \u0646\u062a\u0627\u0626\u062c \u0639\u0627\u0645 2023. \u0643\u0645\u0627 \u0623\u0643\u062f \u0627\u0644\u0648\u0627\u0644\u064a \u0628\u0634\u0643\u0644 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\u0627\u0644\u0648\u0627\u0644\u064a \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u062f\u0627\u0626\u0645\u0627\u064b \u062a\u0643\u0645\u0646 \u0641\u064a <strong>\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u0629 (\u0627\u0644\u0642\u0637\u0639)<\/strong>\u060c \u0645\u0624\u0643\u062f\u0627\u064b \u0623\u0646 \u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u064a\u0644\u062a\u0632\u0645 \u0628\u0645\u0639\u0627\u064a\u064a\u0631 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0646\u0642\u062f \u0627\u0644\u062f\u0648\u0644\u064a (IMF) \u0641\u064a\u0645\u0627 \u064a\u062a\u0639\u0644\u0642 \u0628\u0627\u0644\u062f\u064a\u0646 \u0627\u0644\u0639\u0627\u0645 \u0648\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a \u0627\u0644\u0635\u0631\u0641\u060c \u062f\u0627\u0639\u064a\u0627\u064b \u0625\u0644\u0649 <strong>\u0627\u0644\u064a\u0642\u0638\u0629 \u0627\u0644\u062f\u0627\u0626\u0645\u0629 \u0648\u0627\u0644\u0635\u0631\u0627\u0645\u0629<\/strong> \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0627\u0632\u0646\u0627\u062a \u0627\u0644\u0645\u0627\u0643\u0631\u0648-\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>\u0627\u0644\u062f\u0627\u0631 \u0627\u0644\u0628\u064a\u0636\u0627\u0621 \u2013 \u062a\u0642\u0631\u064a\u0631 \u062e\u0627\u0635: \u0641\u064a \u0623\u0639\u0642\u0627\u0628 \u0627\u062c\u062a\u0645\u0627\u0639 \u0645\u0637\u0648\u0644 \u0644\u0645\u062c\u0644\u0633 \u0627\u0644\u0628\u0646\u0643 \u0647\u0648 \u0627\u0644\u0623\u062e\u064a\u0631 \u0644\u0639\u0627\u0645 2023\u060c \u0642\u0631\u0631 \u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u0627\u0644\u0625\u0628\u0642\u0627\u0621 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a (Taux Directeur) \u062f\u0648\u0646 \u062a\u063a\u064a\u064a\u0631 \u0639\u0646\u062f \u0645\u0633\u062a\u0648\u0649 3%. \u0648\u0623\u0643\u062f \u0627\u0644\u0645\u062c\u0644\u0633 \u0623\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 &#8220;\u064a\u0628\u0642\u0649 \u0645\u0646\u0627\u0633\u0628\u0627\u064b \u0648\u0645\u0634\u062c\u0639\u0627\u064b \u0644\u0639\u0648\u062f\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u062a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u0647\u062f\u0641 <a class=\"mh-excerpt-more\" href=\"https:\/\/www.gil24.com\/360\/%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%ba%d8%b1%d8%a8-%d9%8a%d8%ab%d8%a8%d8%aa-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d9%81%d8%a7%d8%a6%d8%af%d8%a9-%d8%b9%d9%86%d8%af-3-%d9%88%d8%b3%d8%b7-%d8%aa%d8%a8\/\" title=\"\u0628\u0646\u0643 \u0627\u0644\u0645\u063a\u0631\u0628 \u064a\u062b\u0628\u062a \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0646\u062f 3% \u0648\u0633\u0637 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u062a\u062f\u0647\u0648\u0631 &#8220;\u0645\u0642\u0644\u0642&#8221; \u0641\u064a \u0633\u0648\u0642 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