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The Central Iraqi: Start of distributing the 15 million dinars loan initiative in private banks


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The Central Iraqi: Start of distributing the 15 million dinars loan initiative in private banks

The Central Iraqi: Start of distributing the 15 million dinars loan initiative in private banks
The currency of Iraq - archive
 

 

Mubasher: The Central Bank of Iraq revealed, today, Saturday, the beginning of the distribution and receipt of the 15 million dinars loan initiative in private banks.

The media office of the Central Bank stated in a special statement to the Iraqi News Agency (INA), that "private banks have started distributing a loan of 15 million dinars to employees whose salaries are settled in private banks by adopting the Master Card."

He explained that "the instructions of the initiative are supposed to include government banks as well, and the decision is up to them to invest this initiative to provide its services to the national employees with their salaries there."

The media office indicated that "those wishing to receive the loan can go to banks to promote transactions and receive the loan within one day with an administrative commission not exceeding 4 percent and without interest."

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Central Bank: to start distributing and receiving the 15 million dinars loan in private banks after the days of total ban

Baghdad / NINA / The Central Bank announced the start of distributing and receiving the 15 million dinars loan in private banks, after the days of total ban.

The bank stated in a statement: “Those wishing to receive the loan can go to banks to promote transactions and receive the amount within one day with an administrative commission not exceeding 4 percent and without interest.” / End 7
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Today, Saturday, the Central Bank of Iraq revealed that it has started distributing and receiving the 15 million dinars loan initiative in private banks.

The media office of the Central Bank said in a statement carried by the Iraqi News Agency that "private banks have begun distributing a loan of 15 million dinars to employees whose salaries are settled in private banks by adopting the Master Cadre card."
 
 
 
He explained that "the instructions of the initiative are supposed to include government banks as well, and the decision is up to them to invest this initiative to provide their services to the national employees with their salaries." Without benefits. "
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Editing date: 2021/2/20 15:05 • 47 times read
http://www.alliraqnews.com/uploads/news/image/medium/story_img_6030fb1cd5385.jpg
[Baghdad-Where]
The Central Bank of Iraq revealed, on Saturday, the beginning of the distribution and receipt of the 15 million dinars loan initiative in private banks.
The media office of the Central Bank stated, according to the official agency, that "private banks have started distributing a loan of 15 million dinars to employees whose salaries are domiciled in private banks by adopting the Master Cadre card."
He explained that "the instructions of the initiative are supposed to include government banks as well, and the decision is up to them to invest this initiative to provide services to the citizen employees with their salaries."
The office indicated that "those wishing to receive the loan can go to banks to promote transactions and receive the loan within one day with an administrative commission not exceeding 4% and without interest."
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Why does this sound like a translation issue? $15 mil is around $10,000.  Through MasterCard, without interest? When was the last time M/C did anything without interest? Sounds like an initial balance transfer or cash advance with  $0 interest for a specific time period (18 months?) not mentioned in the details.    

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4 minutes ago, wellwisher said:

Why does this sound like a translation issue? $15 mil is around $10,000.  Through MasterCard, without interest? When was the last time M/C did anything without interest? Sounds like an initial balance transfer or cash advance with  $0 interest for a specific time period (18 months?) not mentioned in the details.    

Good way to stimulate the economy👍

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Bring your chunky cash, open an account, get a Master Card and a loan for 15 million IQD.

Agree with you Longtimelurker;

Great way to get the chunky cash, increase financial inclusion, stimulate the economy and develop private sector.!

 

Go budget 2021

Go HCL 

Go delete of the 000

Go RV

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3 hours ago, Laid Back said:

Bring your chunky cash, open an account, get a Master Card and a loan for 15 million IQD.

Agree with you Longtimelurker;

Great way to get the chunky cash, increase financial inclusion, stimulate the economy and develop private sector.!

 

Go budget 2021

Go HCL 

Go delete of the 000

Go RV

Same day approval too. They want this money out there quick👍

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6 hours ago, wellwisher said:

Why does this sound like a translation issue? $15 mil is around $10,000.  Through MasterCard, without interest? When was the last time M/C did anything without interest? Sounds like an initial balance transfer or cash advance with  $0 interest for a specific time period (18 months?) not mentioned in the details.    

Islamic banking system is a usury system. Meaning it is illegal to charge interest on money loaned. Islamic banking, also referred to as Islamic finance or shariah-compliant finance, refers to finance or banking activities that adhere to shariah (Islamic law). ... Islamic banks make a profit through equity participation, which requires a borrower to give the bank a share in their profits rather than paying interest.

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9 minutes ago, Theseus said:

Islamic banking system is a usury system. Meaning it is illegal to charge interest on money loaned. Islamic banking, also referred to as Islamic finance or shariah-compliant finance, refers to finance or banking activities that adhere to shariah (Islamic law). ... Islamic banks make a profit through equity participation, which requires a borrower to give the bank a share in their profits rather than paying interest.

Great info! Thank you

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10 hours ago, yota691 said:

private banks have started distributing a loan of 15 million dinars to employees whose salaries are settled in private banks by adopting the Master Card."

 

4 hours ago, Laid Back said:

Bring your chunky cash, open an account, get a Master Card and a loan for 15 million IQD.

Agree with you Longtimelurker;

Great way to get the chunky cash, increase financial inclusion, stimulate the economy and develop private sector.!

 

Go budget 2021

Go HCL 

Go delete of the 000

Go RV

 

Gets close to boom time! Great for driving liquidity to private banks!

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Private banks start granting 15 million dinars loan

 
 Baghdad: Morning
 
Yesterday, Saturday, the Central Bank announced the beginning of the distribution and receipt of the 15 million dinars loan initiative in private banks.
The media office of the bank stated to the “awareness”, that “the private banks have started distributing a loan of 15 million dinars to the employees whose salaries are settled by adopting the Master Card.” He explained that "the initiative's instructions include government banks as well," noting that "those wishing to go to banks to promote transactions and receive the loan within one day with an administrative commission not exceeding 4% and without interest."
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