[size=36]The Central Bank clarifies how retirees will pay the remaining loans they owe[/size]
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, today, Wednesday, the Central Bank counted the number of private banks operating in Iraq, while setting a condition for the retired employee to pay the remaining loan owed.
The Central Bank media said, according to the official agency, that "the number of private banks operating in Iraq is 70 (commercial, Islamic, branches of foreign banks operating in Iraq)."
On the other hand, he added, "Requiring the retired employee to pay the installments of loans and advances he owes is related to the retirement authority," noting that "the retirement law stipulates that the amount of deduction from the pensioner's salary does not exceed 50% of his salary."
He stressed that "the bank is obliged to oblige the retired employee to pay part of the remaining loan that he owes, so that half of his salary covers the value of the monthly installment after reducing the principal of the loan," noting that "there is no demand to pay the full amount as some promote." Ended 29 / h