Wednesday, July 9, 2025
36 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.

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