The Central Bank decides to increase the allocation to the housing sector

by **claud39** Thu Jun 10, 2021 11:36 am

The Central Bank decides to increase the allocation to the housing sector

10/06/2021

Economy News _ Baghdad

Today, Thursday, the Central Bank of Iraq announced an increase in the allocation to the housing sector to more than (1.9) trillion dinars, indicating that this came to raise the ability to make the initiative funds available to the largest number of beneficiaries.

A statement by the bank, received by "Al-Iqtisad News", stated that "it was decided to increase the allocation to the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars to the real estate bank and about (900) billion dinars to the Housing Fund, to raise their ability to make initiative funds available to the largest number of people. of the beneficiaries.

He continued, "This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars," noting that "the bank canceled the interests on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission."

It is noteworthy that the Central Bank of Iraq, in coordination with the Higher Committee for Lending, had previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of purchasing housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions.

https://economy-news.net/content.php?id=25366

by **claud39** Thu Jun 10, 2021 11:38 am

The Central Bank of Iraq decides to increase the allocation to the housing sector

June 10, 2021

The Central Bank decides to increase the allocation to the housing sector News-162330696344726

The Central Bank of Iraq announces an increase in the allocation to the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars to the real estate bank and about (900) billion dinars to the Housing Fund, to raise their ability to make initiative funds available to the largest number of beneficiaries.

This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars.

The Central Bank also canceled the interest on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission.

It is noteworthy that the Central Bank of Iraq, in coordination with the Higher Committee for Lending, had previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of purchasing housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions.

Central Bank of Iraq
Media Office
June 10, 2021

https://cbi.iq/news/view/1745