Saturday, July 25, 2026
33.4 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

Iraq Missile Discovery: Unexploded Cruise Missile Sparks Probe

Iraqi security forces found two small military missiles in...

Iraq Rice Revival: Planting Surges as Farmers Seek State Support

Rice farmers in Najaf have urged the government to...

Iraq-Iran Agreements: Four Deals Target Rail and Trade Growth

Iraq and Iran signed four major agreements during high-level...

PepsiCo Iraq Deals Target 250M Cases, Jobs, and Farm Growth

PepsiCo has signed new agreements with two Iraqi partners...

Iraq PM Al-Zaidi Meets Pezeshkian, Pushes Plan to Ease US-Iran Tensions

Iraqi Prime Minister Ali al-Zaidi met Iranian President Masoud...

Topics

Iraq Missile Discovery: Unexploded Cruise Missile Sparks Probe

Iraqi security forces found two small military missiles in...

Iraq Rice Revival: Planting Surges as Farmers Seek State Support

Rice farmers in Najaf have urged the government to...

Iraq-Iran Agreements: Four Deals Target Rail and Trade Growth

Iraq and Iran signed four major agreements during high-level...

PepsiCo Iraq Deals Target 250M Cases, Jobs, and Farm Growth

PepsiCo has signed new agreements with two Iraqi partners...

Iraq PM Al-Zaidi Meets Pezeshkian, Pushes Plan to Ease US-Iran Tensions

Iraqi Prime Minister Ali al-Zaidi met Iranian President Masoud...

Iraq-Iran Agreements Gain Pace After High-Level Tehran Talks

Iraqi Prime Minister Ali Al-Zaidi and Iranian President Masoud...

Iraq Corruption Probe: Colonels Face $1.5M Fine Case

Iraq’s General Traffic Directorate detained two police colonels in...

Iraq Suicide Toll: Six Baghdad Cases in 24 Hours Raise Alarm

Baghdad authorities reported six suicide-related incidents within 24 hours....

Related Articles