Central Bank: We allocated an additional 500 billion dinars for housing complexes projects
Number of readings: 12-01-2018 12:14 PM
12-01-2018 12:14 PM
Iraq's central bank announced on Friday that it allocated 500 billion dinars to residential complexes. The bank said in a statement that 'as part of the policy of economic stimulus and its contribution to alleviate the housing crisis and unemployment, the Central Bank of Iraq announces the completion of financing housing and real estate loans in the amount of one trillion four hundred billion dinars in 2016 and 2017 in the largest mortgage program in the history of Iraq' .
The statement added, 'the continuation of the implementation of this policy, was added to the amount of 500 billion dinars for the year 2018, most of which is allocated to housing complexes projects in light of the requests received by the Central Bank', noting that 'these loans are simple administrative loads do not burden the borrowers'.