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The central bank raises the allocations for purchasing housing units to 3 trillion dinars.

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18/10/2026 | 02:06 PM

The Central Bank of Iraq decided today, Sunday, to increase the amounts allocated for purchasing housing units through the Housing Bank to 3 trillion dinars.
The bank stated in a document addressed to the Housing Bank, received by the News Video Agency, that "based on the role of this bank in supporting the housing sector, and according to the provisions of Law No. (56) of 2004 as amended, it has been decided to increase the allocation amount by one trillion dinars to meet the requests of citizens wishing to purchase housing units within residential complexes."
It added that the total allocated amount has become 3 trillion dinars, in accordance with the same conditions stated in the previous letter dated August 22, 2024.
The bank noted the necessity for the general manager of the Housing Bank to attend the bank's headquarters on Al-Rasheed Street, to sign the contract amendment prepared for this purpose and to complete the necessary official procedures.