The Central Bank announces directly the private banks to disburse the 15 million dinars advance

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Economy News – Baghdad

The Central Bank of Iraq announced, on Saturday, the beginning of the distribution and receipt of the 15 million dinars loan initiative in private banks.  

The media office of the Central Bank stated to the official agency that “private banks have started distributing a loan of 15 million dinars to employees whose salaries are domiciled in private banks by adopting the Master Card.”  

He explained that “the instructions of the initiative are supposed to include government banks as well, and the decision is up to them to invest this initiative to provide its services to the national employees with their salaries.”

He pointed out that “those wishing to receive the loan can go to banks to promote transactions and receive the loan within one day with an administrative commission not exceeding 4% and without interest.”


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