Half a trillion dinars to fill the temporary budget deficit

Which was carried out by auctions of treasury transfers until last June

Treasury auctions for the Ministry of Finance's annual funds, organized by the Central Bank, have made money to reduce the budget deficit for the first six months of this year reached 520 billion and 430 million dinars.
The central bank, as the financial agent of the ministry to manage auctions of remittances based on the Public Debt Law, which authorized the Ministry of Finance to issue treasury transfers guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of Iraq.
According to the results of the auctions, which was announced by the Central Bank and followed by "morning" the first auction, within the plan of the Ministry of Finance to issue Treasury transfers for the current year, which was held in February, resulted in the sale of the full amount of 100 billion dinars.
As for the results of the second auction, which was held in March last year, the Central Bank said in a statement that the auction held on 22/3 resulted in the sale of the total amount of 200 billion dinars, while the Central did not announce the results of the third auction on 19/4 .
Iraq relies on the tools of the financial and monetary policies, one of which is the sale of domestic bonds to reduce the proportion of the budget deficit through remittances of the Ministry of Finance for the 364-year period, a license supervised by the Central Bank, to withdraw liquidity from outside the banking system to re-employment in the sector Financial.
The auction of the fourth treasury transfers, which was held on the twenty-fourth of last May, the sale of the full amount of the reserves of 200 billion dinars.
On the 21st of June, the Central Bank organized an auction for the sale of treasury transfers for the 364-day period of 200 billion dinars, during which 120 billion and 430 million dinars were sold.
The Ministry of Finance announced its plan to issue treasury bills for the annual period (364 days) for the year 2017, which includes the establishment of 11 public auctions to sell these remittances to beneficiaries such as banks, social welfare services, retirement and minors.
According to the plan announced by the ministry and seen by "morning" the total amounts of the issuance of two trillions of dinars is expected to be sold in full to meet the proportion of temporary deficit in the budget the public.

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