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Central: 50 million dinars maximum loan projects .. and repayment period of up to 4 years
07/08/2015
BAGHDAD
The Central Bank, on Tuesday, that loans for small and large projects was launched early July, and the highest loan worth 50 million dinars to be repaid within three years and possible to extend the duration to four years, while economists stressed that these loans revive the economy but "Not enough to remove it from its slumber."
A member of the Board of the Central Bank, Majid picture, in an interview for the "long" that "loans for small and large projects launched the beginning of July present by private banks which provided her the central bank with the amount of loans that will be given to entrepreneurs."
He added that "there are many FAQ on the loan, which is that higher loan given is 50 million Iraqi dinars, and for the payment of this loan three years be possible to extend the repayment period to four years. "
He said the "central bank has interest rate of 7 per thousand and the Department of bail 8 per thousand", adding that " payment and give benefits Tndmha private banks, which in turn are determined by the beneficiary of these loans and the person who deserves the receipt of the loan. "
He said the picture that "these loans goal is economic development, where it is hoped to contribute to a large movement in the Iraqi economy, which has suffered from the recession due to lower oil prices and the impact of the Iraqi budget and landing heavily. "
For its part, an expert on economic affairs peace Sumaisem said in a statement the "term" that "these loans is an important step to revive the economy, especially that he was suffering from a deep recession suffered in the past time, especially with the suffering of the lack of liquidity that suffer the state of it. "
She added that "this thing we need to do to pump shipment operation to save the Iraqi economy, and that the launch of these loans and small economic projects, an initiative to give the shipment to revive the Iraqi economy, as it is hoped to contribute to moving the wheel of the economy."
She Sumaisem that "this project is an attempt to restore economic life back into the Iraqi market through the activation process joints of the economy, as well as the revival of effective demand in the market," asserting that "these loans are just a small seed of success and can not be relied upon heavily to restore economy. "
The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, and pointed to the development of measures to to address the lack of liquidity in some banks.
The governor of the Central Bank on the Keywords in a press statement earlier that "the aim of this project is to achieve economic and social development and support for small and medium-sized economic projects and run with outstanding skills the workforce." He explained "that" the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism), "pointing out that" all Iraqi private banks covered by this decision for those who wish to work out. "
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07/08/2015
BAGHDAD
The Central Bank, on Tuesday, that loans for small and large projects was launched early July, and the highest loan worth 50 million dinars to be repaid within three years and possible to extend the duration to four years, while economists stressed that these loans revive the economy but "Not enough to remove it from its slumber."
A member of the Board of the Central Bank, Majid picture, in an interview for the "long" that "loans for small and large projects launched the beginning of July present by private banks which provided her the central bank with the amount of loans that will be given to entrepreneurs."
He added that "there are many FAQ on the loan, which is that higher loan given is 50 million Iraqi dinars, and for the payment of this loan three years be possible to extend the repayment period to four years. "
He said the "central bank has interest rate of 7 per thousand and the Department of bail 8 per thousand", adding that " payment and give benefits Tndmha private banks, which in turn are determined by the beneficiary of these loans and the person who deserves the receipt of the loan. "
He said the picture that "these loans goal is economic development, where it is hoped to contribute to a large movement in the Iraqi economy, which has suffered from the recession due to lower oil prices and the impact of the Iraqi budget and landing heavily. "
For its part, an expert on economic affairs peace Sumaisem said in a statement the "term" that "these loans is an important step to revive the economy, especially that he was suffering from a deep recession suffered in the past time, especially with the suffering of the lack of liquidity that suffer the state of it. "
She added that "this thing we need to do to pump shipment operation to save the Iraqi economy, and that the launch of these loans and small economic projects, an initiative to give the shipment to revive the Iraqi economy, as it is hoped to contribute to moving the wheel of the economy."
She Sumaisem that "this project is an attempt to restore economic life back into the Iraqi market through the activation process joints of the economy, as well as the revival of effective demand in the market," asserting that "these loans are just a small seed of success and can not be relied upon heavily to restore economy. "
The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, and pointed to the development of measures to to address the lack of liquidity in some banks.
The governor of the Central Bank on the Keywords in a press statement earlier that "the aim of this project is to achieve economic and social development and support for small and medium-sized economic projects and run with outstanding skills the workforce." He explained "that" the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism), "pointing out that" all Iraqi private banks covered by this decision for those who wish to work out. "
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