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[size=36]Parliamentary Finance reveals details of hosting the governor of the Central Bank regarding the dollar exchange rate and housing initiatives[/size]
Economy | 03:23 - 08/27/2023
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Baghdad - Mawazine News
The Finance Committee hosted, on Sunday, the Governor of the Central Bank, Ali Al-Alaq, to discuss the Central Bank's initiative to grant citizens loans to solve the housing crisis and the exchange rate of the dollar.
And the media department of the House of Representatives stated in a statement, which Mawazine News received a copy of, that “the committee chairman, Atwan Al-Atwani, welcomed the governor of the Central Bank, praising the role he plays in the bank in financing loans related to resolving the housing crisis in the country, with the aim of facilitating the investment sector, economic movement and employment.” ".
He added, "The suspension of the initiative affects the economic aspect and job opportunities, with the increasing need for housing units, which requires a feasibility study to reach an appropriate formula that meets the citizen's need."
He added, "Amounts of money have been allocated to the Real Estate Bank and the Housing Fund with the aim of achieving economic activity and launching the initiative," noting that "the bank deals with the file with an in-depth study in order to control the monetary mass in accordance with the financial policy."
And he stressed, "the need to increase the capital and support the Central Bank to continue the initiatives."
The statement added, “The interventions of the committee members focused on the Central Bank’s procedures and the possibility of increasing the amounts granted, with the expansion of initiatives, as well as the new instructions issued regarding interest and the payment period, and stressing the intensification of meetings in order to study the mechanisms in place and issue appropriate instructions to banks in implementing the initiative.” .
He pointed out, "The issue of the exchange rate of the dinar against the dollar and the reasons for the high prices were discussed, as well as procedures regarding the tax on products imported through the ports." Ended 29 / h
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