Day 15/3 .. Central Bank raises (national bond) interest rate of 6% per annum

BAGHDAD / JD / .. Central Bank announced the launch of national bonds for sale in the middle of this month, while noting that these bonds are payable after two years an annual interest rate of 6%. A statement said the bank had received / JD / copy of it: that the bank will launch national bonds (nominal) on behalf of the Ministry of Finance in nominal dated 03/15/2016 / and ends on 04/15/2016 Basaddarah of five categories (100,000 and 250.000 and 500.000 and 1000.000 and 5000.000) dinars at $ 1.5 trillion Iraqi dinars.
He added that those bonds are sold at a discount interest rate of 6% per annum and is payable by the Ministry of Finance of 03.14.2018.
He explained: that providing banks and citizens of all purchase orders to the Central Bank directly bring a color copy of the identity card, alluding to the possibility of using those bonds as collateral for loans, facilities or any transactions require collateral, it can also be traded on the Iraq Stock Exchange, buying and selling and it shall be open to the public and private banks. / End / 22 /