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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


Nazim: The Central Bank took the initiative to finance the Real Estate Bank and the Housing Fund wit

rocky
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Finance - Nazim: The Central Bank took the initiative to finance the Real Estate Bank and the Housing Fund wit Empty Nazim: The Central Bank took the initiative to finance the Real Estate Bank and the Housing Fund wit

Post by rocky Tue 22 Jun 2021, 2:02 pm

[size=36]Nazim: The Central Bank took the initiative to finance the Real Estate Bank and the Housing Fund with more than one trillion and 800 billion dinars[/size]



Baghdad/
Today, Tuesday, Cabinet Spokesman Hassan Nazim announced a government initiative to grant interest-free loans to citizens to buy and build housing units.
Nazim said in the weekly press conference held after the cabinet session, that "there are measures for the government to take care of the housing file," adding that "the Central Bank initiated the financing of the Real Estate Bank and the Housing Fund with more than one trillion and 800 billion dinars."
He explained, "The initiative will grant interest-free loans to citizens to buy and build housing units." Nazim pointed out that "the loan repayment period is up to 20 years and will motivate citizens to buy housing units."
He pointed out that "the Council of Ministers agreed to allocate three billion dinars for the expansion of the Baghdad-Kut road."
On the electoral issue, Nazim said that “the cabinet hosted the head of the Electoral Commission to overcome the difficulties facing its work.”
He added, "The Council of Ministers discussed preparing the commission's warehouses and taking care of the cadre that will work during the elections."
A Cabinet spokesman stressed that "the government is determined to complete fair and impartial elections on the specified date."
He pointed out that "the Council of Ministers approved the national infrastructure security strategy, which includes sensitive issues."
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Finance - Nazim: The Central Bank took the initiative to finance the Real Estate Bank and the Housing Fund wit Empty The Central Bank launches an initiative worth 5 trillion to “move” the housing sector

Post by rocky Tue 22 Jun 2021, 2:22 pm

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  • Baghdad - IQ  



The Governor of the Central Bank, Mustafa Ghaleb Mukhif, revealed, on Tuesday (June 22, 2021), the launch of an initiative worth 5 trillion dinars to "move" the housing sector in Iraq.


The Parliamentary Finance Committee said, in a statement received by IQ News, that it “hosted, headed by the Chairman of the Committee, Representative Haitham Al-Jubouri, and in the presence of its members and a number of members of the other parliamentary committees, the Governor of the Central Bank, Mostafa Ghaleb Mukhaif, and the Deputy Governor, Ammar Hamad Khalaf, to discuss and discuss the steps that the Central Bank promised to implement in order to reduce The repercussions of changing the exchange rate and its implications, the issue of selling currency and confronting the process of its depletion and ways to preserve and invest it properly, in addition to the projects, plans and loans that the bank promised to implement after changing the currency exchange rate.

During the hosting, the committee stressed, according to the statement, "the need to abide by those promises and the speed of their implementation, particularly those that contribute to the employment of unemployed youth, support the housing, industry and agricultural sectors, support the local product, and ease restrictions and routine procedures on them." 

The hosting also discussed "the issue of electronic connectivity between the ministries of commerce and finance and the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings."


The Parliamentary Finance Committee stressed “the need for the government to fulfill its duty towards this, as indicated by the Finance Committee and the House of Representatives through the budget law for the year 2021,” calling on the Central Bank to “take the strongest and strict measures regarding banks that violate controls.”

"Her uncle confirmed to the bank about this, because the current period requires concerted efforts between all authorities," while she decided "to host the Minister of Finance to discuss what was presented in the hosting and discuss a number of issues that concern the economic reality of the country."

During the hosting, the Governor of the Central Bank, Mostafa Ghaleb Mukhif, provided “an explanation regarding what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate,”

and a frightening revelation about “launching an initiative worth 5 trillion in addition to contributing to moving the housing sector to complete residential complexes.” which were suspended, in addition to the imminent issuance of bonds that would enable citizens to invest their money.”
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