Sunday, July 19, 2026
42.5 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

Gold Prices Fall in Iraq as Baghdad Rate Drops 6,000 Dinars

Iraq gold prices moved lower across markets in Baghdad...

Starlink Switches to Local Iraqi IP Addresses in Major Network Upgrade

Starlink now assigns local Iraqi IP addresses to customers...

Iraqi Prime Minister Al-Zaidi Arrives in Doha for Condolences After U.S. Summit

Iraqi Prime Minister Ali Falih al-Zaidi arrived in Doha...

U.S. Dollar Slides as Iraqi Dinar Gains in Baghdad, Erbil

The Iraq dollar rate moved lower as currency markets...

JPMorgan to Open Iraq Branch to Finance Major U.S. Projects

JPMorgan Chase plans to establish a branch in Iraq...

Topics

Gold Prices Fall in Iraq as Baghdad Rate Drops 6,000 Dinars

Iraq gold prices moved lower across markets in Baghdad...

Starlink Switches to Local Iraqi IP Addresses in Major Network Upgrade

Starlink now assigns local Iraqi IP addresses to customers...

Iraqi Prime Minister Al-Zaidi Arrives in Doha for Condolences After U.S. Summit

Iraqi Prime Minister Ali Falih al-Zaidi arrived in Doha...

U.S. Dollar Slides as Iraqi Dinar Gains in Baghdad, Erbil

The Iraq dollar rate moved lower as currency markets...

JPMorgan to Open Iraq Branch to Finance Major U.S. Projects

JPMorgan Chase plans to establish a branch in Iraq...

Brazil’s KraftOne Lands Karbala Airport Deal in Major Iraq Expansion

Brazilian logistics company KraftOne Group has opened a new...

Iraq, U.S. Sign 48 Economic Deals With Starlink, Exxon and GE

Iraq and the United States launched a major package...

Iraq Strikes U.S. Deal to Restore Seven Banks to Global Markets

Iraq’s government welcomed a new banking agreement with the...

Related Articles