Directive from the Sudanese to the Central Bank and banks on the interest of citizens' loans - urgent

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Directive from the Sudanese to the Central Bank and banks on the interest of citizens' loans - urgent

Politics | Today, 22:09 | 

    Directive from the Sudanese to the Central Bank and banks on the interest of citizens' loans - Urgent » Baghdad News Agency (baghdadtoday.news)

 

 

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani directed, on Tuesday (January 9, 2024), the Central Bank and all banks to use the method of simple decreasing interest in citizens' loans.

A government source said in an interview with "Baghdad Today" that "the Sudanese directed the Ministry of Finance, the Central Bank of Iraq and government and private banks to reconsider the calculation of interest paid on loans granted to citizens."

He added, "He also directed, using the method of simple decreasing interest instead of the cumulative method, which burdens the borrower with burdens on them."

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Sudani directs Finance, Central Bank and banks to reconsider the calculation of loan interest

•  Time : 2024/01/09 22:16:40
• Sudani directs Finance, Central Bank and banks to reconsider the calculation of loan interest - Al-Furat News (alforatnews.iq)

  

{Economic: Al-Furat News} According to a government source, Prime Minister Mohammed Shia Al-Sudani directed the Ministry of Finance, the Central Bank of Iraq and government and private banks to reconsider calculating the interest paid on loans granted to citizens.

 

Al-Sudani also directed, according to the source, "to use the method of simple decreasing interest instead of the cumulative method, which burdens the borrower with burdens that weigh on their shoulders."

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