Monday, May 18, 2026
38 C
Baghdad

The Parliamentary Finance Committee has rejected the mechanism set by the Central Bank of Iraq for selling properties through banks.

A member of the committee, Mahasen Hamdoun, confirmed that they oppose the new decision, particularly the establishment of a 100 million dinar cap for property transactions. She argued that this limit is not suitable and does not meet the necessary requirements. Furthermore, she warned that such a decision could potentially contribute to money laundering activities.

Hamdoun emphasized the need for the Central Bank to cancel the new mechanism and revert to the previous system, where property transactions could take place through banks with a cap of 500 million dinars. This approach, she noted, had been in effect before and was more appropriate.

Hot this week

Kurdistan Region President Nechirvan Barzani Meets Pope Leo XIV in Vatican, Discusses Coexistence and Future Visit

Kurdistan Region President Nechirvan Barzani met Pope Leo XIV on Monday at the...

Calls for Urgent Legal Reform After Brutal Child Crime Shocks Iraq

Iraq faces renewed debate over child protection laws after a brutal...

New Cabinet Sparks Optimism for Baghdad-Erbil Relations as Iraq Enters Reform Phase

Iraq’s Foreign Minister Fuad Hussein signaled optimism about Baghdad-Erbil relations on...

Saudi Arabia Downs Three Drones From Iraq as Regional Tensions Surge Across the Gulf

The Saudi drone interception incident unfolded on Sunday after Saudi...

Kurdish MMA Sensation Namo Fazil Claims Big Victory

The Kurdish MMA star Namo Fazil secured a major victory at...

Topics

Kurdistan Region President Nechirvan Barzani Meets Pope Leo XIV in Vatican, Discusses Coexistence and Future Visit

Kurdistan Region President Nechirvan Barzani met Pope Leo XIV on Monday at the...

Calls for Urgent Legal Reform After Brutal Child Crime Shocks Iraq

Iraq faces renewed debate over child protection laws after a brutal...

New Cabinet Sparks Optimism for Baghdad-Erbil Relations as Iraq Enters Reform Phase

Iraq’s Foreign Minister Fuad Hussein signaled optimism about Baghdad-Erbil relations on...

Saudi Arabia Downs Three Drones From Iraq as Regional Tensions Surge Across the Gulf

The Saudi drone interception incident unfolded on Sunday after Saudi...

Kurdish MMA Sensation Namo Fazil Claims Big Victory

The Kurdish MMA star Namo Fazil secured a major victory at...

Iraq-U.S. Relations 2026: Halbousi Meets Former CIA Director David Petraeus in Baghdad

Iraqi Parliament Speaker Haibat al-Halbousi met retired U.S. General...

Iraq Oil Projects 2026: Baghdad Holds Talks With Major U.S. Energy Companies

Iraq has opened negotiations with several major American energy...

Iraq Reform Agenda 2026: New Prime Minister Promises National Partnership

Iraq’s new prime minister promised a broad reform program...

Related Articles