The Central Bank of Iraq cuts loan interest to support the economic and production sectors
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The Central Bank of Iraq cuts loan interest to support the economic and production sectors
by claud39 Wed Jul 01, 2020 9:23 am
The Central Bank of Iraq cuts loan interest to support the economic and production sectors
June 30, 2020
With the continuing economic repercussions caused by the Corona pandemic and the restrictions that imposed economic activity in most of the productive and service sectors and the decline in oil revenues, the Central Bank of Iraq decided to enhance the liquidity of the “existing projects” that were funded from the ( one trillion ) initiative in the amount of ( 5 ) million dinars for those wishing Thus, the project guarantees the same for administrative and interest-free commissions .
The Bank is also the face of the central banks and companies guaranteeing lower interest from ( 4 . 8% ) to ( 3 . 5% ) of borrowers within the segment 1 - 20 million dinars , lowering interest bank loans slice 21 million - one billion dinars after it was ( 6 . 3% ) to become ( 4% ).
The Central Bank also called on banks to take into account projects related to the tourism, hotels and restaurants sectors, whose recovery may be prolonged by studying postponing their premiums for a longer period until recovering from the pandemic crisis.
The Central Bank of Iraq
information Office
June 30, 2020
claud39- VIP NewsHound
- Posts : 18123
Join date : 2018-11-04 
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» FootForward says - I understand you need to be international for the swift stuff 6/16/21
» Frank26 says - The CBI is coming out and they...started, what we call, 'promoting' the true exchange rate...the CBI is now starting the campaign 6/16/21
» Walkingstick says - There is a date written in stone and it has not changed of when the new small category notes, of when the new exchange rate, is scheduled to be released 6/16/21
» Guru Petra says - That to me is a very clear clear statement of how they feel and where they feel Iraq is at 6/16/21
» Holly says - They are article 8 compliant. They are ready and it seems the whole world is ready 6/16/21
» Bruce says - Rates were very high 6/15/21
» Judy says - Thurs. 17 June was expected to be a day of reckoning 6/16/21
» MarkZ says - This could be it 6/16/21
» Fleming says - This is a wide-shot shotgun start 6/16/21
» Bank Story #413 From Fleming: "they have to have already notified and coordinated this together with the IMF and the UST" 6/16/21
» Assignment of Counselor Al-Saadi as Executive Director of the Higher Committee for Economic and Financial Reform
» The government's economic advisor describes the issue of Iraqi debt as very complex
» CBI sales in the currency slip after a three-day hike
» Al-Halboosi refutes halting MoF and CBI Governor questioning accusations
» For the second day in a row, dollar closes lower in Baghdad markets
» Handbook for the Guru WannaBe.
» 5/16/2011 - FIVE YEARS AGO In DINARLAND
» Casper Update - August 13, 2013
» MilitiaMan: "There is a deal and deals in digital currency can move fast" (1,500 Is The Same Fast Or Slow LOL) 6/15/21
» Guru Pimpy: "So instead of you getting 1550 for every dollar, it's back down to 1490 and it's going to continue to drop" (What If It Stays? LOL) 6/15/21
» Guru Petra: "The countries that are just waiting to invest in Iraq" (By Sending Them Dinars At A "RV" Rate??? LOL) 6/15/21
» Bank Story #412 From Frank26 (Who Wants To Call That Bank? LOL) 6/15/21
» Guru RVAlready: "This Week!!! This Week!!! This Week!!! Finish line coming up!!!" (Talk About Clueless! LOL) 6/15/21
» Guru Holly: "The news yesterday has been positive for the end of this week for notifications" (Did Holly Already Forget The Notifications Where Sent Out Last Month? LOL) 6/15/21
» Judy: "Sometime Tues.-Wed. 15-16 June Tier 4B could go in a Shotgun Start" (Again? LOL) 6/15/21
» MarkZ: "All of my banking contacts right now are prepared" (Banks Prepared? LOL) 6/15/21
» European and US leaders agree to create trade and technology council
» The United Nations proposes several strategies to achieve sustainable development in Iraq
» TNT Update: "several bank sources are projecting to be exchanging us by the end of this week" (Yawn! LOL) 6/15/21
» Becky "Fibber" Mcgee (Oootah) Scam-A-Thon Continues! Conference Call 6/16/21
» The Cabinet voted to open export unconditionally and to reconsider the customs tariff, and voted to expand the production of the Nassiriya oil field with a capacity of 100,000 barrels.
» Iraq and Kuwait are preparing to hold a meeting of the joint committee in Baghdad
» THE GOVERNOR OF THE CENTRAL BANK PRAISES THE PERFORMANCE OF THE INTERNATIONAL DEVELOPMENT BANK
» THE ARAB MONETARY FUND ISSUES THE TWENTIETH ISSUE OF A POLICY BRIEF SERIES ENTITLED "TOWARDS A NEW SOCIAL CONTRACT IN THE ARAB COUNTRIES: THE ROLE OF PUBLIC FINANCE"
» Transfer of funds between accounts of the same client (personal accounts).
» Kurdistan Finance confirms its commitment to the provisions of the budget and the settlement of government bank debts
» Parliamentary Committee: The blocs behind raising the price of the dollar impede the questioning of the Minister of Finance and the Governor of the Central Bank
» The Governor of the Central Bank visits a number of private banks
» The Governor of the Central Bank congratulates the press family on their National Day