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[size=52]Parliamentary Finance: We will reconsider interest rates on bank loans for three categories[/size]
- Today 11:55
Information / Baghdad
Member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed on Monday that his committee intends to raise the issue of reconsidering the interest rates for loans in three tranches.
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Al-Karawi said in an interview with Al-Maalouma, “Loans in all their forms constitute factors that revitalize the economy and open job horizons, especially since most of them lead to the creation of opportunities in the private sector in various forms.”
He added, "Loans granted to retirees, people with limited income, and others must be dealt with according to a different mechanism in terms of reducing the interest as much as possible, because the interest they bear now constitutes a major financial burden that burdens thousands of families."
He pointed out that "his committee will study with the relevant authorities the possibility of reconsidering the financial benefits in a way that gives high flexibility, especially to retirees, and the necessity of dealing with them according to a different vision in terms of reducing the interests as much as possible on the loans granted to them."
Iraqi banks grant financial loans in various forms, but they come with high interest rates that burden many people.” End 25 F
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Member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed on Monday that his committee intends to raise the issue of reconsidering the interest rates for loans in three tranches.
[You must be registered and logged in to see this link.]
Al-Karawi said in an interview with Al-Maalouma, “Loans in all their forms constitute factors that revitalize the economy and open job horizons, especially since most of them lead to the creation of opportunities in the private sector in various forms.”
He added, "Loans granted to retirees, people with limited income, and others must be dealt with according to a different mechanism in terms of reducing the interest as much as possible, because the interest they bear now constitutes a major financial burden that burdens thousands of families."
He pointed out that "his committee will study with the relevant authorities the possibility of reconsidering the financial benefits in a way that gives high flexibility, especially to retirees, and the necessity of dealing with them according to a different vision in terms of reducing the interests as much as possible on the loans granted to them."
Iraqi banks grant financial loans in various forms, but they come with high interest rates that burden many people.” End 25 F
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