Thursday, April 16, 2026
20 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

Gulf Tensions Rise as Bahrain Summons Iraq Envoy Over Drone Attack Allegations

Gulf tensions rise over Iraq drone dispute as Bahrain summons...

Iraq Denies Census Data Leak Claims Amid Dark Web Rumors and Online Misinformation Surge

Iraq census data leak claims spread rapidly across social media...

Iraq Premiership Race Heats Up as Coordination Framework Faces Deep Internal Divisions

Iraq’s political landscape enters a decisive phase as the Iraq...

Iraq and Kurdistan Oil Before and After the War

By Kamiyar Deraney The U.S./Israeli war with Iran passed the...

Coordination Framework Faces Deadline as Iraq Prime Minister Race Intensifies

The Iraqi prime minister race entered a critical phase...

Topics

Gulf Tensions Rise as Bahrain Summons Iraq Envoy Over Drone Attack Allegations

Gulf tensions rise over Iraq drone dispute as Bahrain summons...

Iraq Denies Census Data Leak Claims Amid Dark Web Rumors and Online Misinformation Surge

Iraq census data leak claims spread rapidly across social media...

Iraq Premiership Race Heats Up as Coordination Framework Faces Deep Internal Divisions

Iraq’s political landscape enters a decisive phase as the Iraq...

Iraq and Kurdistan Oil Before and After the War

By Kamiyar Deraney The U.S./Israeli war with Iran passed the...

Coordination Framework Faces Deadline as Iraq Prime Minister Race Intensifies

The Iraqi prime minister race entered a critical phase...

Iraq-U.S. Faction Truce Agreed Under Coordination Framework

Iraq-U.S. faction truce emerged as a major development on...

KDP Rejects Election Result in Iraq Presidency Row

Iraq presidency dispute intensified on Saturday as the Kurdistan...

Saudi Arabia Summons Iraqi Ambassador as Iraq-Gulf Drone Tensions Escalate

Iraq-Gulf drone tensions intensified on Sunday as Saudi Arabia...

Related Articles