The Central Bank of Iraq cuts loan interest to support the economic and production sectors
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The Central Bank of Iraq cuts loan interest to support the economic and production sectors
by claud39 on 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
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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