The central bank plans to put up for the benefit of financial bonds worth two billion dollars

Alsumaria News / Baghdad - The central bank announced on Sunday his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral.

The bank said in a statement received by Alsumaria News, a copy of which he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance, starting from the second of next August to 31 of the same month," adding that "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100000) US dollars and the total amount of two billion dollars. "

The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity."

And it established the Central Bank of Iraq independent bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily for the sale and purchase of foreign currencies sessions except public holidays which stops them Bank for these auctions.