The central bank raises bonds worth one trillion dinars and an interest rate of 8%

Banks

Economy News / Baghdad ...

Central Bank of Iraq will launch 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 in a statement received by the Director of "Economy News" that 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.

Acer Jabbar 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."

Acer 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, can also be traded on the Iraq Stock Exchange and selling Hraoua .

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