$4.3bn in new Central Bank Loans

By John Lee.

The Central Bank of Iraq (CBI) has launched a new scheme of loans for "industrial, agricultural and real estate" banks.

According to the report from Shafaaq, a total of 5 trillion Iraqi dinars [$4.3 billion] will be made available.

The governor of the CBI, Ali al-Alaq, has reportedly promised to make more money available if the allocated funds are fully used to facilitate new projects.

(Source: Shafaaq)

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