Stock market trading in government bonds issued instructions




07/11/2016 (0:01 pm) - The number of readings: 29 - Issue (3777)


Baghdad / Acer Jabbar

Iraq Stock Exchange revealed, on Sunday, for the issuance of government bonds launched by the Central Bank of trading instructions, while confirming that it opens the door to investment and trading a new type of securities as well as shares of joint stock companies.

Said Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), "The market has instructed the deposit of government bonds and listed and traded, after long discussions between the board of governors and the Securities Commission," noting that "the amendments came in three chapters. "

He promised Abdel-Salam, the "Help open the door to investment and trading in the new type of securities as well as shares of joint stock companies," and expressed hope that "the inclusion of government bonds issued by the Central Bank of Iraq and traded during the next few days."

The Council of Ministers, approved in the (14 June 2016), the launch of dues contractors by 50% as a down payment, and to report the implementation of the first chapter of the general budget for 2016 to Parliament.

The Council of Ministers decided in (the 19th of April 2016), the formation of a committee headed by Minister of Planning and the membership of the Iraqi Central Bank Governor economic and financial advisers to the Prime Minister and the agents of the finance and planning ministries, holds the structure and controls the completion of the distribution of Contractors benefits process through government bonds mode, to submit its recommendations to the Prime Minister for approval within a week.

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