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Amending the interest of the Central Bank’s initiative (1) trillion dinars
March 03, 2021
The Central Bank of Iraq was keen to take into account the current exceptional circumstances related to the financial and economic aspect and the repercussions of the Corona pandemic, so this bank decided to "reduce all the interest imposed on loans granted within the initiative of the Central Bank of Iraq (1) trillion dinars" and as below:
1- Reducing the interest of the Central Bank of Iraq for large projects to be (1%) instead of (2%)
2- Reducing interest for banks on housing loans to be (2%) instead of (4%)
3- Amending the Central Bank commission (for housing loans) to be (5 per thousand) instead of (7 per thousand)
4- All interests for the banks and guarantor companies are "diminishing".
The Central Bank of Iraq
information Office
3 March 2021
Amending the interest of the Central Bank’s initiative (1) trillion dinars
March 03, 2021
The Central Bank of Iraq was keen to take into account the current exceptional circumstances related to the financial and economic aspect and the repercussions of the Corona pandemic, so this bank decided to "reduce all the interest imposed on loans granted within the initiative of the Central Bank of Iraq (1) trillion dinars" and as below:
1- Reducing the interest of the Central Bank of Iraq for large projects to be (1%) instead of (2%)
2- Reducing interest for banks on housing loans to be (2%) instead of (4%)
3- Amending the Central Bank commission (for housing loans) to be (5 per thousand) instead of (7 per thousand)
4- All interests for the banks and guarantor companies are "diminishing".
The Central Bank of Iraq
information Office
3 March 2021
