The Investment Authority adopts the Iraqi dinar in paying dues for housing projects
The Investment Authority adopts the Iraqi dinar in paying dues for housing projects
2-21-2023
Information / Baghdad..
The head of the National Commission for Investment, Haider Muhammad Makiya, directed, on Tuesday, to adopt the Iraqi dinar in paying dues for housing projects.
The media and government communication department in the commission said in a statement received by the agency / information / that “Makiya instructed the investment commissions in all the provinces that the payment of the installments of the housing units in the investment housing complexes be from those who have investment licenses from the Baghdad Investment Commission and the provincial investment commissions, through the establishment of each company of Investing companies open a special account in Iraqi banks with an account mechanism (different currency) in the US dollar and an exchange rate of 1310 dinars to the dollar.
He added, “The official circular issued to the investment commissions in the provinces guarantees that the installments of housing units are deposited in these accounts in Iraqi dinars, at an exchange rate of 1,320 dinars to the dollar, without burdening the registered citizen with additional burdens.”
On the first of this February, the Commission had issued circulars to the companies contracting with the National Investment Commission for residential complexes to commit to paying the installments from citizens in Iraqi dinars and at the dollar exchange rate decided by the Central Bank of Iraq for the final beneficiary, which was worth 1470 dinars to one dollar in the framework of the government’s relentless directions in this regard. Trend and market stabilizer.
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