Friday, August 21, 2026
30 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 Dollar Rate Rises in Baghdad

The Iraqi dollar rate increased in Baghdad while Erbil’s...

Iraq Advances Power Grid Loan Talks

Iraq has started talks with the World Bank about...

Direct Iraq-Iran Flights Return as Regional Airspace Reopens

Iraq-Iran flights are gradually returning as regional airspace restrictions ease....

Iraq and Iran Push for Deeper Ties Amid Regional Tensions

Iraq-Iran cooperation took center stage in Baghdad on Wednesday. Iraqi...

Korek Users Urged to Prepare as Service Shutdown Risk Grows

Korek users urged to prepare as Iraq’s communications regulator...

Topics

Iraq Dollar Rate Rises in Baghdad

The Iraqi dollar rate increased in Baghdad while Erbil’s...

Iraq Advances Power Grid Loan Talks

Iraq has started talks with the World Bank about...

Direct Iraq-Iran Flights Return as Regional Airspace Reopens

Iraq-Iran flights are gradually returning as regional airspace restrictions ease....

Iraq and Iran Push for Deeper Ties Amid Regional Tensions

Iraq-Iran cooperation took center stage in Baghdad on Wednesday. Iraqi...

Korek Users Urged to Prepare as Service Shutdown Risk Grows

Korek users urged to prepare as Iraq’s communications regulator...

Iraq Budget Deficit Hits 21.24T Dinars

Iraq’s public finances changed sharply during the latest six-month...

Iraq Oil Export Plan Expands

The Iraqi cabinet approved a temporary strategy for moving...

Iraq Dollar Rates Edge Higher

Iraq dollar rates climbed across the country’s main currency...

Related Articles