Central Bank raises treasury bonds worth $ 1.2 billion

March 10, 2016 22:15
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Iraqi Central Bank announced that it intends to sell $ 1.5 trillion dinars [$ 1.27 billion of government bonds for two years as part of efforts to bridge the budget deficit resulting from the erosion of oil prices and the costs of the war against the terrorist organization Daash
A media relations official at the central bank captivating Jabbar The version will be the first launch of its kind to go public since 2003, the first tranche of a plan to sell five trillion dinars worth of bonds announced in January.
Iraq exports already treasury bills to local banks and has a list of international bonds.
The bank said in an emailed statement that the new version an interest rate of six percent will be sold to the public and local banks in the period from March 15 to April 15 April.