Wednesday, March 18, 2026
22 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

USD/IQD Exchange Rates Edge Higher in Baghdad and Erbil

Baghdad/Erbil – USD/IQD exchange rates edged higher on Wednesday,...

Gold Prices Fall in Baghdad and Erbil Markets

Baghdad/Erbil – Gold prices fell in Baghdad and Erbil...

Kirkuk Oil Flows: Limited Gains Despite $24M Daily Revenue

Baghdad – Iraq earns roughly $24 million every day...

Basrah Crude Prices Surge Over 3% Amid Global Oil Gains

Basrah crude prices climbed significantly on Tuesday, reaching levels...

Gulf Oil Prices Surge Past $102 Amid Supply Fears

Gulf oil prices climbed sharply on Tuesday, rising more...

Topics

USD/IQD Exchange Rates Edge Higher in Baghdad and Erbil

Baghdad/Erbil – USD/IQD exchange rates edged higher on Wednesday,...

Gold Prices Fall in Baghdad and Erbil Markets

Baghdad/Erbil – Gold prices fell in Baghdad and Erbil...

Kirkuk Oil Flows: Limited Gains Despite $24M Daily Revenue

Baghdad – Iraq earns roughly $24 million every day...

Basrah Crude Prices Surge Over 3% Amid Global Oil Gains

Basrah crude prices climbed significantly on Tuesday, reaching levels...

Gulf Oil Prices Surge Past $102 Amid Supply Fears

Gulf oil prices climbed sharply on Tuesday, rising more...

USD/IQD Exchange Rates Fall Sharply in Baghdad and Erbil

Baghdad and Erbil experienced a noticeable decline in USD/IQD...

Gold Prices in Iraq Rise Steadily in Baghdad and Erbil

Baghdad and Erbil saw a notable rise in gold...

Iraq Prepares New Kirkuk Pipeline Route to Turkey

Iraq plans a major shift in its energy strategy...

Related Articles