Central extends the sale of bonds for the benefit of one month

Alsumaria News / Baghdad - The central bank announced on Sunday, to extend the period for the bond sale for the benefit of the Ministry of Finance and one month, while explained that it will sell bonds in Iraqi dinars at a price of 1095 dinars per dollar.

The bank said in a statement Alsumaria News received a copy of it, "will be extended sales in nominal bond futures delivery in the currency of the US dollar on behalf of the Ministry of Finance to be one of the first of next September and up to 30 of the same month," noting that "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100,000) US dollars, and the total amount of two billion dollars."

The bank said it "will sell the bonds at a price of Iraqi dinars 1095 dinars per dollar and payable by the Ministry of Finance on February 28, 2017 to be paid in dollars maturity."

The Central Bank of Iraq became independent under the law issued on the sixth of March 2004, as an independent body, which 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 the Bank for these auctions.