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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

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    Directive from the General Secretariat of the Council of Ministers to the Central Bank of Iraq

    Rocky
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    Directive from the General Secretariat of the Council of Ministers to the Central Bank of Iraq Empty Directive from the General Secretariat of the Council of Ministers to the Central Bank of Iraq

    Post by Rocky Thu 25 Mar 2021, 8:29 am

    Directive from the General Secretariat of the Council of Ministers to the Central Bank of Iraq

    [ltr]2021.03.25 - 13:22[/ltr]


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    Baghdad - People  
    On Thursday, the General Secretariat of the Council of Ministers directed the Central Bank of Iraq to take appropriate measures regarding rescheduling of previous loans granted by banks to the CBI initiative.  
      
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    The secretariat stated in a statement, which "people" received a copy of (March 25, 2021), that "this came based on the recommendations of the Central Bank Loans Sub-Committee emanating from the Supreme Committee concerned with setting up a mechanism for granting loans to projects without interest or reduced interest, by making use of the sums." "Which are allocated to finance these projects and supervise them, with the aim of activating the economic sector (the private sector) and facilitating their procedures."  

    The statement added that “it was decided to reschedule the previous loans granted by the Housing Fund and the Real Estate Bank. The term of the loan is (30) years, with the interest of (8%) calculated” canceling, explaining that “on previous loans, starting on 11/29/2020. And the Industrial Bank, the term of the loan is (15) years with interest of (8%) on those loans. "  

    The statement continued, "It was also decided to adopt the credit plan schedule for the Central Bank's initiative for all governorates (according to the criteria for population density and poverty rate), as well as to approve the schedule for the distribution of credits for the loans of the Central Bank initiative according to the governorates and the sectors covered (industrial, housing, agricultural)," pointing out that "The sponsorship of women’s salaries has also been approved in the banks licensed by the Central Bank of Iraq, whether permanent owners, contracts, retirees, or employees of the security services, as the settlement of the salary at any of the licensed banks and the reservation of the housing unit will be sufficient to grant the loan without the need for another guarantor. ".  

    The statement stressed that "the real estate bank and the housing fund will be covered by the provisions of paragraph (j) of Article (2) of the lending mechanisms communicated by the letter of the General Secretariat of the Council of Ministers dated 11/29/2020."  
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