Iraq "Cancels Interest" on Housing Loans; Increases Funding

By John Lee.

The Central Bank of Iraq (CBI) has announced increased funding for the housing sector, and the cancellation of interest on "old and current" loans.

It said it has allocated 1 trillion dinars [$685 million] to the Real Estate Bank and about 900 billion dinars [$616 million] to the Housing Fund.

(Source: CBI)

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