A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism

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A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism

The Central Bank of Iraq’s proposal and the loan and interest mechanism to finance projects and loans would be followed up on by bank officials, according to a Thursday announcement made by the Parliamentary Finance Committee.

Mustafa Al-Karaawi, a committee member, stated: “The Parliamentary Finance Committee closely monitors the Central Bank’s initiative and the mechanism for issuing bank loans to finance housing loans, medium and small projects, and employee advances.”

“The Parliamentary Finance Committee will host officials from the Central Bank and general managers of banks in the near future to discuss loan mechanisms, interest rates, and repayment terms, provided that interest rates are declining,” he continued.