Poses for a central government bonds worth 1.5 trillion dinars this month


April 12, 2016 6:15
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Central Bank announced on Monday 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 carried by local media, said he "will ask the national bond 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 April next year," indicating that "Asdarih will be of five categories namely 100,000 thousand dinars and 250,000 thousand dinars and 500,000 thousand dinars and one million dinars and 5 million dinars. "
The bank said 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 "banks and citizens can all submit their applications directly to the bank to buy," he said. "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."
Iraq is seeking to issue an internal national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.
Founded CBI independent bank 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 buying and selling of foreign currencies, except for public holidays on which depends the Bank for these auctions.

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