Iraq raises bonds worth one trillion dinars and an interest rate of 8%

Banks

Economy News / Baghdad

Due to the Central Bank of Iraq launched a national bonds with a nominal value of one trillion dinars and an interest rate of 8%.

The Information Office of the Central Bank of Iraq Acer Jabbar Director in a statement reported for "Economy News" , the Central Bank of Iraq is determined to put national bonds with a nominal Asdarih second on behalf of the Ministry of Finance Bosaddarah with five categories (100,000, 250,000, 500,000, 1,000,000, 5,000,000) dinars, and $ 1 trillion Iraqi dinars.

He added that the bonds will be sold, "an interest rate of 8% per annum annual coupons for a period of two years starting from 02/04/2017 in nominal terms and payable by the Ministry of Finance 02.04.2019."

Jabbar pointed out that banks can and citizens of all purchase orders submitted to the central bank directly with bringing a color copy of the identity of the Civil Status, and can use these bonds as collateral to obtain loans or facilities or any transactions require collateral, it can also be traded on the Iraq Stock Exchange, buying and selling.

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