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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraqi Finance indicates that the Kurdistan Region is deprived of the Central Bank’s initiative to fi

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278405
    Join date : 2012-12-21
    • Post n°1

    Iraqi Finance indicates that the Kurdistan Region is deprived of the Central Bank’s initiative to fi Empty Iraqi Finance indicates that the Kurdistan Region is deprived of the Central Bank’s initiative to fi

    Post by Rocky Sat 21 Oct 2023, 4:45 am

    Iraqi Finance indicates that the Kurdistan Region is deprived of the Central Bank’s initiative to finance housing investment




    [You must be registered and logged in to see this image.]

    2023-10-21 03:37
    Share
    Font
    Shafaq News/ Undersecretary of the Federal Ministry of Finance, Masoud Haider, stated on Saturday that the lack of branches of Iraqi government banks in the Kurdistan Region deprived him of the Central Bank’s initiative to finance investment projects in the housing sector.
    Haider said on the sidelines of his hosting of the first annual banking conference hosted by the city of Erbil under the slogan “The banking sector, opportunities for advancement and the future of international companies,” that “there is a major role for government banks in stimulating residential investment,” adding, “But the lack of branches of these banks in the region Iraqi Kurdistan has deprived many people of the Central Bank of Iraq's financing initiative.
    He stressed that "bureaucracy in government banks has weakened the development of these banks."
    For his part, Haider Makiya, head of the Iraqi National Investment Commission, called for a "larger" role in financing projects, especially residential ones, to achieve a balance between the investor and the banks.

    The Central Bank of Iraq has allocated 6 trillion since 2015 to launch two housing loan initiatives. The first is a five trillion initiative that went to sectoral banks, which are industrial, agricultural, real estate, and the Housing Fund, and a one trillion initiative went to private banks.
    At the end of the year 2021, the Central Bank of Iraq decided to increase the housing initiative’s allocations to the Real Estate Bank and the Housing Fund by an amount of (2.6) trillion Iraqi dinars.
    A number of government banks, especially Al-Rafidain and Al-Rasheed banks, compete to grant numerous and varied loans according to mechanisms and instructions that may sometimes be strict, while some citizens suffer from difficulty obtaining these loans compared to countries of the world, where these loans are often directed towards the optimal investment for them.
    Last June of the year 2023, dozens of people went out in demonstrations in front of the Central Bank of Iraq in the center of the capital, Baghdad, to demand the release of suspended housing loans and financial allocations for housing.
    Iraq is suffering from a stifling housing crisis due to the increase in the population of Iraq compared to the number of residential complexes, in addition to the inability of citizens with limited income to build their own housing unit due to the high cost of land and construction materials.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 01 Oct 2024, 7:31 pm