Central Bank announces the increase in the number of beneficiaries of the initiative one trillion dinars

Monday 17th June 2019 - 15:39

Central Bank announces the increase in the number of beneficiaries of the initiative one trillion dinars

The bank said in a statement that "in the context of its keenness to contribute to support the Iraqi economy and continuing to monitor the results of initiatives launched, the Central Bank of Iraq announces a significant increase in the number of beneficiaries of the initiative one trillion dinars allocated to support small and medium enterprises.

It is worth noting that the One trillion initiative for financing small and medium enterprises is an initiative launched and financed by the Central Bank of Iraq at the end of 2015, aiming to encourage young people to invest in the agricultural, industrial, commercial and service sectors through loans ranging from 5 to 50 million Iraqi dinars , Noting that there are exceptions that make the amount of the loan up to the limit of (100) million dinars, which are exceptions related to the feasibility of the project and its ability to operate the labor force.