Amending the interest of CBI's initiative (1) trillion dinars

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The Central Bank of Iraq eager to consider 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 interest imposed on loans granted within the initiative of the Central Bank of Iraq (1) trillion dinars." And as below:

1- Reducing 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."

 

Central Bank of Iraq

    Media Office

  3 March 2021