Tuesday, March 31, 2026
23.3 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 is Ready to Repatriate Refugees with UN Cooperation

Iraq is ready to repatriate refugees, National Security Advisor...

Iraq Heritage at Risk as International Archaeologists Flee War Zones

Iraq's heritage at risk as war forces international archaeological...

Iraq Airspace Closure Extended Until April 3 Amid Security Concerns

Iraq airspace closure extended for 72 more hours, affecting...

U.S. Opposes Maliki and Sudani as Iraq’s Coordination Framework Faces Leadership Deadlock

U.S. opposes Maliki and Sudani, a claim that could...

Iraq Food Supply Remains Stable as the Government Resumes Crop Imports

Iraq's food supply remains stable as officials continue nationwide...

Topics

Iraq is Ready to Repatriate Refugees with UN Cooperation

Iraq is ready to repatriate refugees, National Security Advisor...

Iraq Heritage at Risk as International Archaeologists Flee War Zones

Iraq's heritage at risk as war forces international archaeological...

Iraq Airspace Closure Extended Until April 3 Amid Security Concerns

Iraq airspace closure extended for 72 more hours, affecting...

Iraq Food Supply Remains Stable as the Government Resumes Crop Imports

Iraq's food supply remains stable as officials continue nationwide...

Iraq Gold Prices Rise in Baghdad and Erbil markets Amid Steady Demand

Iraq's gold prices rose on Tuesday across major trading...

Iraq Dollar Exchange Rate Rises as Baghdad and Erbil Markets Open Higher

Iraq's dollar exchange rate rises at the start of...

Basrah Crude Prices Surge as Iraq Defies Global Oil Decline

Basrah crude prices surge on Tuesday, even as global...

Related Articles