Central Bank of Iraq raises housing loan allocations to 3 trillion dinars

The Central Bank of Iraq (CBI) announced an expansion of its financial allocations for the national housing sector, increasing the designated lending portfolio to three trillion Iraqi dinars (approximately $1.97 billion). This initiative aims to address the high volume of citizen applications for housing and triples the previous funding ceiling from one trillion dinars, while maintaining existing operational terms and credit conditions. The liquidity injection is expected to expand mortgage-backed real estate credit, stimulate the domestic construction industry, and help bridge the acute housing deficit.