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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period

    Rocky
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    The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period Empty The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period

    Post by Rocky Wed 26 Aug 2020, 9:53 am

    The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period

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    Economy News - Baghdad
    Today, Wednesday, the Central Bank of Iraq decided to amend the housing finance ceiling within the one trillion initiative, and the banks participating in this initiative .
     
    The central bank said, in a statement, that in response to the increasing demand for housing financing, the bank decided to amend the housing finance ceiling within the one trillion initiative and the banks participating in this initiative.
     
    The central added that the ceiling for housing financing will be 100 million dinars instead of 75 million dinars, and the financing period has been amended to 15 years instead of 10 years .
     
    The Central Bank indicated that the decision was made in order to reduce the burden of interest installments on the citizen, so it decided that the method of calculating the interest rate of the bank participating in this financing should be in accordance with the method of (diminishing installment), with the maintenance of each of the central bank’s administrative commission of 7 per thousand, as well as The annual administrative commission of the guarantor, amounting to 6 thousand .
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    Rocky
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    The Central Bank of Iraq raises the ceiling for housing financing and adjusts the payment period Empty Central Bank raises housing finance ceiling as part of one trillion initiative

    Post by Rocky Wed 26 Aug 2020, 10:08 am

    Central Bank raises housing finance ceiling as part of one trillion initiative
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    Economy
    Iraq
    Central Bank
    Housing finance
     2020-08-26 07:29
      
    The Central Bank of Iraq decided Wednesday to raise the housing finance ceiling as part of the one trillion initiative.

    "The decision to raise the housing finance ceiling of 100 million dinars instead of (75) million dinars, and the repayment period has been adjusted to 15 years instead of (10) years," the bank said in a report to The Twilight News.

    He added that he had also decided to reduce the burden of interest payments on the citizen so that the method of calculating the interest rate of the participating bank in this financing according to the method of (decreased premium), with each of the central bank's administrative commission of (7) in 1,000, as well as the annual administrative commission of the guarantor company of (6) in 1,000."

    At the end of 2015, the Central Bank of Iraq announced the launch of the One Trillion Initiative to finance small and medium-sized enterprises, with the aim of encouraging young people to invest in the agricultural, industrial, commercial and service sectors.
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