CBI allows SMEs to Defer Loan Repayments

By John Lee.

The Central Bank of Iraq (CBI) has announced that the repayment of loans obtained under its '1 and 5 trillion dinars' finance initiatives for small and medium size businesses (SMEs) will be suspended for three months.

According to a statement from the Government of Iraq, the move is an attempt to ease the financial burden caused by coronavirus (COVID-19).

(Source: Government of Iraq)

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