«Central»: Government bonds worth 1.5 trillion dinars mid-month


New Morning
Economic Affairs
April 11th, 2016
98 Number of readings
Progress of the Iraqi dinar to a lot of European countries
Iraqi dinar Bmoasfath and techniques ahead of many European countries
Baghdad's new morning:
The central bank, announced on Monday, announced the launch of government bonds worth 1.5 trillion dinars middle of this month, indicating that these bonds can be traded in the market, buying and selling.
The bank said in a statement «New Morning» received a copy of it, he «will launch national bonds in Iraqi dinars on behalf of the Ministry of Finance in nominal terms on the 15th of this month and ends on the fourth of next May», indicating that «Asdarih will be of five categories namely 100 000 dinars and 250,000 dinars and 500,000 dinars and one million dinars to five million dinars ». The bank added that «the government bonds worth 1.5 trillion dinars middle of this month», adding that «the bonds will be sold at a discount of 8% per year, payable by the Ministry of Finance on 14 March 2018».
The bank added that «the banks and citizens can all submit their applications directly to the bank to buy».
He explained that «these bonds can be used as collateral for loans, facilities or any transactions require guarantees, as can be traded in the market, buying and selling».
Furthermore, counting the Governor of the Central Bank on the Keywords, yesterday, that the Iraqi dinar Bmoasfath current and techniques ahead of many European countries, indicating that the bank is development and the search for the best technologies in the issuance of paper or change continuously.
Keywords and said in a seminar hosted by the Bank about the Iraqi currency and the need to preserve them, that «the bank is proud that the specifications and techniques used in the printing of the Iraqi advanced banknote in many countries and even developed countries».
And that «Iraq was progressing even on the European countries to the implementation of specifications developed in the currency, which closed the ports of these technologies which claim to distort currency».
He Keywords that «German company that has printed the Iraqi currency has large potential to provide better specifications, accuracy and security of the Iraqi currency», adding that «some international companies apologized to implement such security tags because of the great development of the user in the security tags which».
Keywords and pointed out that «banknote was counterfeit, they will be charged the value of the crime and the value of the deviation will be a weapon against us and will enable Elmejran to carry out criminal and terrorist result», adding that «the bank authority cash we have to take that into account and give privacy to achieve the meanings so that the development and the search for the best technology process We are guided by the issuance of paper or change continuously. »
On the other hand, Keywords, that «He calls the use of foreign currency for the salaries of the staff cede part of sovereignty, stressing the need to preserve the paper manipulation and show the proper manner».
He added that «banknote is part of the identity and sovereignty of the Iraqi state», adding that «banknote subjected to some kind of forgery and manipulation, it is going on any human feeling that the falsifications as a prejudice to the state entity and sovereignty».
He went on to say: we «look at the banknote as part of our national identity», indicating that «the proposals that some were fired about why not to use foreign currency as dollar distribute the salaries of the staff is to cede part of the national sovereignty and national identity and therefore we must defend this paper either form or content or true value. »
Keywords and stressed the need to «preserve the paper manipulation and show the proper manner and regulate circulation and must be stored at the highest grades that reflect their real value.»

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