The central bank temporarily stop granting bonds for contractors 09/28/2016
The central bank temporarily stop granting bonds for contractors
Stop the Iraqi Central Bank, on Wednesday, working to grant bonds for contractors temporarily.
The bank said in a statement that "the decision was based on the request of the Ministry of Finance where they will temporarily stop, bonds Contractors work until near the completion of the audit.
The Central Bank of Iraq, launched in 14 of last August launched Contractors dues bonds in accordance with the decision of the Council of Ministers.
The Council of Ministers approved on 14 June last to launch dues Contractors through the issuance of Treasury bonds and by fifty percent of the total Msthathm first batch according to the percentage of completion and audited by the Office of Financial Supervision in coordination with the Ministry of Planning, which holds the formation of a committee of experts to identify priority strategic projects to the need of the state. "