Sunday, August 30, 2026
39 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 Seeks Simultaneous 5G Launch Across Federal Provinces and Kurdistan Region

Iraq’s Iraq 5G rollout could see Baghdad and the Kurdistan Region...

Hadi al-Amiri Rules Out Confrontation as Baghdad Pushes to Bring All Weapons Under State Control

Badr Organization leader Hadi al-Amiri has pledged that Iraq weapons...

Iraq Closes 158 Private Education Institutes in Crackdown

Private education crackdown in Iraq has intensified after the Ministry...

Iraq Recovers Over $1 Billion in Major Anti-Corruption Drive

Iraq has recovered funds and assets worth more than...

Iraqi Armed Group Sets 10 Conditions for Weapons Control Deal

Iraq weapons regulation faces another major challenge after the Iran-aligned...

Topics

Iraq Seeks Simultaneous 5G Launch Across Federal Provinces and Kurdistan Region

Iraq’s Iraq 5G rollout could see Baghdad and the Kurdistan Region...

Hadi al-Amiri Rules Out Confrontation as Baghdad Pushes to Bring All Weapons Under State Control

Badr Organization leader Hadi al-Amiri has pledged that Iraq weapons...

Iraq Closes 158 Private Education Institutes in Crackdown

Private education crackdown in Iraq has intensified after the Ministry...

Iraq Recovers Over $1 Billion in Major Anti-Corruption Drive

Iraq has recovered funds and assets worth more than...

Iraqi Armed Group Sets 10 Conditions for Weapons Control Deal

Iraq weapons regulation faces another major challenge after the Iran-aligned...

US Revokes Taif Sami’s Visa Following FBI Terror Watchlist Listing

The Taif Sami visa revocation has sparked controversy after the US...

Iraq Central Bank Denies Printing New Dinar Notes Without Zeros

The Iraqi currency reform debate has intensified after the Central Bank...

Grand Barzani Mosque Construction Begins in Erbil With Landmark Kurdish-Inspired Design

Construction and fieldwork began Wednesday on the Grand Barzani Mosque in...

Related Articles