Iraqi central bank authorises hard currency loans

The Iraqi Central Bank has authorized the public and private banks to give loans in hard currency to citizens in accordance with the regulations and mechanisms approved by each bank's board of directors.

An official at the Central Bank said, according to Al-Sharqiyah in Baghdad, that the regulations and mechanisms of loaning, interest rates and the volume of loans will be determined by each bank's board of directors, as well as by the exchange rates of the currency which will be put into circu

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