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

Monday, June 17,



Baghdad - conscious

The central bank announced Monday that the number of beneficiaries of the one trillion dinars initiative.

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."

The statement pointed out that "the amounts borrowed, during the past months of this year only, reached a value of (31,667,000,000) dinars, when compared with the amount borrowed during the whole of last year, which amounted to (33,600,000,000) dinars," pointing out that "the size of the increase is approaching Which is a sign of a remarkable success in encouraging young people to launch their own investment projects that are distributed across different sectors. "

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.


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