CBI News 06/10/2021

[yota691]

The Central Bank of Iraq decides to increase the allocation to the housing sector

 

  

 June 10, 2021

 

 

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The Central Bank of Iraq announces an increase in the allocation to the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars to the real estate bank and about (900) billion dinars to the Housing Fund, to raise their ability to make initiative funds available to the largest number of beneficiaries.
This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars.
The Central Bank also canceled the interest on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission.
It is noteworthy that the Central Bank of Iraq, in coordination with the Higher Committee for Lending, had previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of purchasing housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions.
 

Central Bank of Iraq
  Media Office
June 10, 2021

[yota691]

The Central Bank decides to increase the allocation to the housing sector

 

banks Economy News _ Baghdad Today, Thursday, the Central Bank of Iraq announced an increase in the allocation to the housing sector to more than (1.9) trillion dinars, indicating that this came to raise the ability to make the initiative funds available to the largest number of beneficiaries. A statement by the bank, received by "Al-Iqtisad News", stated that "it was decided to increase the allocation to the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars to the real estate bank and about (900) billion dinars to the Housing Fund, to raise their ability to make initiative funds available to the largest number of people. of the beneficiaries. He continued, "This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars," noting that "the bank canceled the interests on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission." It is noteworthy that the Central Bank of Iraq, in coordination with the Higher Committee for Lending, had previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of purchasing housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions.

Views 224  Date added 10/06/2021

[yota691]

Increase the amount of cash sales from foreign currency

 

  

 June 10, 2021

 

For the purposes of meeting the demands for foreign currency and for the purpose of achieving monetary policy objectives and ensuring the stability of the exchange rate, the Central Bank of Iraq decided to increase the amount of cash sales of foreign currency to all licensed banks, all exchange companies, and mediation companies selling and buying all foreign currency and to meet them in full, as shown below:

 

 

The bank's share is                   $ 300,000    per week
- share exchange company category A US   $ 2200000 per week
- share exchange company category B    750000 dollars a week
- share exchange company category the C    70000 dollars a week

[yota691]

 

THE CENTRAL BANK OF IRAQ DECIDES TO INCREASE THE AMOUNT OF CASH SALES FROM FOREIGN CURRENCY

Thursday, June 10, 2021 1:30 PM

 

 

Baghdad / National News Center المركز

Today, Thursday, the Central Bank of Iraq decided to increase the amount of cash sales from foreign currency

And the bank’s media office stated, in a statement received by the “National News Center”: “For the purposes of meeting requests for foreign currency and for the purpose of achieving the objectives of monetary policy and ensuring the stability of the exchange rate, the Central Bank of Iraq decided to increase the amount of cash sales from foreign currency to all authorized banks.” And all exchange companies and mediation companies sell and buy all foreign currency and meet it in full

The statement added, "The increase will be as shown below:

- The share of the bank is $300,000 per week
- The share of the Class A exchange company is $2,200,000 per week
- The share of the Class B exchange company is $750,000 per week
- The share of a Class C exchange company is $70,000 per week.”

[yota691]

 

Document .. The Central Bank of Iraq takes a step that may contribute to the decrease in the price of the dollar

 

•  

 2021-06-10 06:31

 

Shafaq News/ The Central Bank of Iraq announced, on Thursday, an increase in the amount of cash sales from foreign currency to banks and exchange companies, according to the classified categories.

The bank said in a statement received by Shafaq News Agency that it decided to increase the amount of cash sales from foreign currency to banks and exchange companies and to meet them in full, indicating that the purpose of this is to meet requests from foreign currency and achieve monetary policy goals.

He added that the bank's share will be 300,000 dollars per week, the A-class exchange company will be 2 million and 200 thousand dollars per week, and the B-class will be 750 thousand dollars per week, and the C-class companies will be 70,000 dollars per month.

The bank asked banks and exchange companies to submit their requests starting from Sunday, June 13, 2021.

In this regard, bankers expected a decline in dollar prices after the bank increased its sales to banks and exchange company owners.

During the past days, the exchange rate of the dollar against the Iraqi dinar exceeded the threshold of 150 thousand.

[yota691]

The Central Bank decides to increase the allocations for the housing sector and cancel its interests

•  Time: 06/10/2021 09:18:07
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•  Reading: 2,938 times

  

{Economic: Al Furat News} The Central Bank of Iraq announced, on Thursday, an increase in the allocation to the housing sector, to more than 1.9 trillion dinars.

A statement by the bank’s media office, which {Euphrates News} received a copy of, stated that “the Central Bank of Iraq announced an increase in the allocation to the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund. To raise their ability to make the initiative funds available to the largest number of beneficiaries.

The statement added: "This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars," adding: "The Central Bank also canceled the interests on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission."

The statement pointed out that "the Central Bank of Iraq, in coordination with the Higher Committee for Lending, has previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of buying housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions."

Hazem 

[yota691]

The Central Bank decides to increase the amount of cash sales of foreign currency

by Editor Iraq news , economy 2 Hours ago

The Central Bank of Iraq decided to increase the amount of cash sales of foreign currency to banks and exchange companies in a measure to limit the rise in the price of the dollar in the country.

A document issued by the Central Bank showed determining the share of banks and exchange companies according to the categories classified for these companies, as the dollar will be pumped to these companies according to their classification in order to meet requests from foreign currency and achieve monetary policy goals, calling on banks and exchange companies to submit their requests as of Sunday, corresponding to the thirteenth From this June.

[dinarham]

  How can it be that IQD is less valuable than it was in the Isis days?  

[6ly410]

SULAIMANI — Iraq’s Central Bank on Thursday (June 10) announced that it would increase the amount of cash sales of foreign currency to banks and exchange companies in an effort to bring down the price of the US dollar against the Iraqi dinar.

According to a document released by the bank, the purpose of the decision is to meet increasing demand for foreign currency.

The banks’ share will be $300,000 per week, the A-class exchange companies will be $2.2 million, the B-class companies will be $750,000, and the C-class companies will be $70,000, it said.

The Central Bank called on banks and exchange companies to submit their requests for currency starting on June 13.

$100 was at 150,600 Iraqi dinars in the Kurdistan Region’s currency markets as of Thursday afternoon, one of the highest rates since the Iraqi dinar was devalued as a part of the 2021 Federal Budget Law.

Spokesperson for the Sulaimani Currency Market Jabar Goran told NRT on Tuesday that the increase was due to increasing levels of trade, plus some currency speculation and hedging by consumers.

(NRT Digital Media

[rvmydinar]

1 hour ago, dinarham said:

  How can it be that IQD is less valuable than it was in the Isis days?  

Could it be because iraqi government / politicians like to steal money in the currency auction? Stealing money=easy money.

[DoD]

3 hours ago, dinarham said:

  How can it be that IQD is less valuable than it was in the Isis days?  

That's a good question but what I would like to know is why the CBI is intentionally driving the inflation up. There is an end game to the CBI madness and a reason why their wanting the citizens to use  the dollar. Could it be to try to get the rest of 3 zero notes off the streets and from under their mattress?  

Oil prices haven't been this high in ages and the treasury is getting fat. I'm of the belief that there is a connection but haven't figured out if this will initiate the HCL then the RV or if something else needs to happen before this. How long will the CBI and the PM allow the citizens to struggle to get by is what I would like to know...

[CODE777]

I do remember the old saying " it gets worst before it gets better". 

[GreedyDinar07]

DoD they don't give a damn!! They are not even passing any laws because they have to focus on the elections which is not until OCTOBER!!! really??? They are showing us they don't give a damn about RV'ing so don't believe the hype. It appears that Al-Khdemi is proving to be a dud like the rest of them. CODE777 is right it is going to get worst before it gets better...far worst in my opinion! I think we are heading for bankruptcy and an uprising because eventually the people will get feed up!! 

[Wheelman]

June 20th makes six months since the price went to 1450, inflation going up, World Bank been screaming at the CBI to go international, not one International contract can be paid in Dinars, (it’s a violation of IMF), and Master Card has rolled out in electronic payments. Stay focused Dinarians. Stay Focused!

[pokerplayer]

The central bank takes a measure that may lead to a decrease in the dollar price

10th June, 2021
Today, Thursday, the Central Bank of Iraq announced an increase in the amount of cash sales from foreign currency to banks and exchange companies, according to the classified categories.

The bank said in a statement received by Alsumaria News, that it "decided to increase the amount of cash sales from foreign currency to banks and exchange companies and meet them in full," noting that "the purpose of this is to meet requests from foreign currency and achieve monetary policy goals."

He added that "the bank's share will be 300,000 dollars per week, the A-class exchange company will be 2 million and 200 thousand dollars per week, the B-class will be 750,000 dollars per week, and the C-class companies, 70,000 dollars per month. The bank asked banks and exchange companies to submit their requests starting From Sunday, June 13, 2021.

It is expected that a decrease in dollar prices will occur after the bank went to increase its sales to banks and exchange company owners, as the exchange rate during the past days exceeded the threshold of 150 thousand dinars.

LINK

[Dinarrock]

Wheelman in your personal opinion when do you think they will go international just curious?? Thanks

[Wheelman]

39 minutes ago, Dinarrock said:

Wheelman in your personal opinion when do you think they will go international just curious?? Thanks

I can’t call a date, I can’t call a rate, all I do know is The Central Bank of Iraq don’t have any sanctions on them at all, Iraq is a fully Sovereign Country now! The Pope has Blessed them, and the British is dressed them, all they need to do is SHOW 🆙 

[yota691]

IRAQ’S CENTRAL BANK MOVES TO STEM INCREASING US DOLLAR-IRAQI DINAR EXCHANGE RATE

Iraqi Dinar and US dollar (file)

12 Hours ago

429 View

 

SULAIMANI — Iraq’s Central Bank on Thursday (June 10) announced that it would increase the amount of cash sales of foreign currency to banks and exchange companies in an effort to bring down the price of the US dollar against the Iraqi dinar.

According to a document released by the bank, the purpose of the decision is to meet increasing demand for foreign currency.

The banks’ share will be $300,000 per week, the A-class exchange companies will be $2.2 million, the B-class companies will be $750,000, and the C-class companies will be $70,000, it said.

The Central Bank called on banks and exchange companies to submit their requests for currency starting on June 13.

$100 was at 150,600 Iraqi dinars in the Kurdistan Region’s currency markets as of Thursday afternoon, one of the highest rates since the Iraqi dinar was devalued as a part of the 2021 Federal Budget Law.

Spokesperson for the Sulaimani Currency Market Jabar Goran told NRT on Tuesday that the increase was due to increasing levels of trade, plus some currency speculation and hedging by consumers.

(NRT Digital Media)

[yota691]

Housing loans for beneficiaries of social protection

Monday 05 July 2021 72

 

 Baghdad: Batoul Al-Hasani 

 

The Ministry of Labor and Social Affairs revealed the inclusion of beneficiaries of protection salaries with housing loans granted to them for the purpose of solving the housing crisis in the country in coordination with the Central Bank.

The head of the Social Protection Authority, Huda Sajjad Mahmoud, told Al-Sabah: "The authority, in coordination with the Central Bank and through the agricultural and real estate banks, launched an initiative to grant loans to beneficiaries of social protection subsidies for the purpose of purchasing investment housing units, as 5 percent of each housing unit was allocated to beneficiaries. protection, or that the beneficiary buys a house directly,” explaining that “the loan is granted to the beneficiary with a repayment period of between 20 to 30 years.”

She added that "the aim of these loans is to solve part of the housing crisis, in addition to providing decent housing to beneficiaries who do not have housing or who live in slum areas or sanitary landfills, or widowed and divorced women who do not have housing and who live with their families because they do not have housing." He explained that "the authority, in coordination with the Information Technology Office in the Ministry of Labor and international organizations, will launch a campaign to count the numbers of these families."