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The Iraqi Private Banks Association announced that the Central Bank launched a loan of 15 million dinars for citizens whose salaries in banks do not exceed one million dinars per month, noting that the Central Bank of Iraq with this measure supports those with low and medium salaries.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said that the Central Bank decided to allocate the loan of 15 million dinars, only to citizens whose salaries in banks do not exceed one million dinars with the allowances, indicating that the Central Bank allocated this loan to support segments of society The number of different, particularly those with low and medium salaries, and through governmental and private banks.
He added that the loan includes all employees in the private and public sector, provided that they are citizens of their salaries, and it does not include workers in the parallel sector, explaining that the amount of the loan installment repayment should not be more than half of the salary that the beneficiary receives.
He pointed out that the loan of 15 million dinars is without interest, but with an administrative commission of 4%, to be deducted once.
Tariq emphasized that the Central Bank supports the segments of society in a very large way through development loans to establish projects, which contributes to moving the wheel of the economy.
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