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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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    Parliamentary Finance discusses the Central Bank's initiative to provide loans to solve the housing

    Rocky
    Rocky
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    Parliamentary Finance discusses the Central Bank's initiative to provide loans to solve the housing  Empty Parliamentary Finance discusses the Central Bank's initiative to provide loans to solve the housing

    Post by Rocky Sun 27 Aug 2023, 9:03 am

    [size=30]Parliamentary Finance discusses the Central Bank's initiative to provide loans to solve the housing crisis[/size]

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    PM:04:11:27/08/2023

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    Today, Sunday, the Parliamentary Finance Committee announced its discussion with the Governor of the Central Bank, Ali Al-Alaq, the bank’s initiative to grant citizens with loans to solve the housing crisis, while Al-Alaq stressed the need to increase capital and support the Central Bank to continue with the initiatives.

    And the media department of the House of Representatives stated in a statement, NRT Arabia received a copy of it, that “the Finance Committee, headed by Atwan Al-Atwani, hosted today, the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss the Central Bank’s initiative to grant citizens loans to solve the housing crisis.”

    The head of the committee welcomed the governor of the Central Bank, praising "the role he plays in the bank in financing loans related to resolving the housing crisis in the country, with the aim of facilitating the investment sector, economic movement and employment."

    He added, "The suspension of the initiative affects the economic aspect and job opportunities, with the increasing need for housing units, which requires a feasibility study to reach an appropriate formula that meets the citizen's need."

    For his part, Al-Alaq stressed "the importance of communication between the Finance Committee and the Central Bank at all levels of concern to citizens," explaining "the reasons that led to the suspension of the initiative that led to the contraction of the economic situation."

    And he stated, "Amounts of money have been allocated to the Real Estate Bank and the Housing Fund with the aim of achieving economic activity and launching the initiative," pointing out that "the bank deals with the file with an in-depth study in order to control the monetary mass in accordance with the financial policy," stressing, "the need to increase capital and support The Central Bank to continue the initiatives.

    The interventions of the committee members focused on the procedures of the Central Bank and the possibility of increasing the amounts granted, with the expansion of initiatives, as well as the new instructions issued regarding interest and the payment period, and stressing the intensification of meetings in order to study the mechanisms used and issue the appropriate instructions to banks in implementing the initiative. 

    On the other hand, the issue of the exchange rate of the dinar against the dollar and the reasons for the high prices were discussed, as well as the procedures regarding the tax on products imported through the ports.
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