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Bank of Iraq starts firing advances of housing loans on the twentieth of this month

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azdinar


Bank of Iraq starts firing advances of housing loans on the twentieth of this month
2009-09-12 15:53:02 2009-09-12 15:53:02

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BAGHDAD (Iba) ... Bank of Iraq announced it would start on the twentieth of March, the launch of housing loans to citizens.
The bank manager Abdul Hussein al-Yasiri told the independent press (Iba) on Saturday, "The value of the loan of 30 million dinars for each family has a support of residential land contribution from the bank to resolve the housing crisis."

It is noted that Iraq needs more than two million housing units to address the growing housing crisis in the country.

He Yasiri "The number of advances granted by the bank for retirees and employees of more than 350 thousand advance."

He noted, "has been allocated 343 thousand advance for the unemployed and college graduates who did not find a job, with coverage of more than 40 thousand married advance payment of assessments by the Bank, which range between one million and a half million dinars." (End) / p /.


http://translate.google.com/translate?hl=en&sl=ar&u=http://www.ipairaq.com/

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30 million dinars for a house??? is what like 30K USD...what is that the size of a shack??

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