Monday, August 17, 2026
33 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 Welcomes Al Beiruti to Baghdad

Al Beiruti plans to open its first Iraqi restaurant...

Iraq Boosts Electricity Imports to Ease Power Shortages

Iraq plans to increase power purchases from neighboring countries...

Iraq Targets Italian Investment for Economic Growth

Prime Minister Ali Falih al-Zaidi urged Italian companies to...

Iraq Targets Japanese Investment to Drive Growth

National Security Advisor Qasim Al-Aboudi encouraged leading Japanese companies...

Iraq Dollar Rates Hold Firm

Iraqi dollar rates held within a narrow range across...

Topics

Iraq Welcomes Al Beiruti to Baghdad

Al Beiruti plans to open its first Iraqi restaurant...

Iraq Boosts Electricity Imports to Ease Power Shortages

Iraq plans to increase power purchases from neighboring countries...

Iraq Targets Italian Investment for Economic Growth

Prime Minister Ali Falih al-Zaidi urged Italian companies to...

Iraq Targets Japanese Investment to Drive Growth

National Security Advisor Qasim Al-Aboudi encouraged leading Japanese companies...

Iraq Dollar Rates Hold Firm

Iraqi dollar rates held within a narrow range across...

Iraq Intensifies Anti-Corruption Drive With Major Asset Seizures

Iraq’s anti-corruption drive has reached a major stage with...

Iraq and Kurdistan Region Review Security Pact With Iran in Erbil

Iraq-Iran security agreement implementation took center stage during a...

PMF Brigade Takes Over Salahaddin Security Sector as Iraq Tightens Weapons Control

Iraq’s weapons control efforts gained fresh attention after the...

Related Articles