Parliamentary Finance: 1-3% The interest rate imposed on Iraq in foreign loans
19:28 - 29/11/2017
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The parliamentary finance committee announced on Wednesday that the interest rates specified in Iraq's foreign loans from 1-3%, indicating that the annual repayment rate of all old and new loans ranging between 7 - 8 trillion dinars annually.
"Iraq agreed with the donor countries that the interest rates should not exceed 1-3 percent, including the Japanese, German and American loans," said Hossam al-Aqabi, member of the committee.
He added that "the majority of loans used for ongoing investment projects," noting that "Iraq pays from old and new loans between 7 - 8 trillion dinars annually."
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