The central issue financial bonds to entitlements Contractors


April 10, 2016 17:11
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The Central Bank of Iraq, Sunday, for the approval of the financial crisis cell on the proposal to issue government bonds for the payment of contractors and suppliers on the state institutions.

The bank said in a statement, that "the financial crisis cell headed by Prime Minister agreed to the proposal of the Central Bank to issue government bonds for the payment of contractors and suppliers of state institutions."
The statement added that "those bonds can be deducted when banks or sold in the market, as can be provided for loans and be considered a guarantee for loans at full face value."
He continued, "That will contribute to ending the problem of entitlements and its aftermath, will also launch to stimulate economic activity and moving the work environment in all sectors"

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