CBI decides to increase the grant to the housing sector

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The Central Bank of Iraq announces an increase in the funding 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 most significant number of beneficiaries.

 

So 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 and current loans with a repayment period of (20) years and only an administrative commission.

 

In coordination with the Higher Committee for Lending, the Central Bank of Iraq had previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative to purchase housing units inside and outside investment housing complexes and only simple administrative commissions.

 

Central Bank of Iraq

Media Office

June 10, 2021