More than 5 trillion dinars value of remittances central Auctions
More than 5 trillion dinars value of remittances central Auctions
5-31-14
Central bank announced its plan for the current year to issue Hawwalath for 91-day auctions held in the bank’s headquarters.
A source in the bank said in a statement seen by the Agency for News News (et) a copy of the plan included the establishment of 26 auction during this year, noting that the value of each auction of 200 billion dinars for the total amount Asdaria 5 trillion and 200 billion dinars.
The sale transfers the central bank to government departments and state-owned banks, one of the tools of monetary policy pursued by the central organization for liquidity and control, as well as the achievement of financial benefit to government departments to participate in these auctions through interest rates and discount.
Differ auctions organized by the Ministry of Finance for the sale of treasury transfers for bank auctions
Central to sell Hawwalath a clear difference, as the treasury transfers are handled internally
(Inside Iraq) which is a government-issued bonds and term ranging between three months
The full year and do not bear interest but are sold at a discount to their nominal value given, granted
Government cash interest at relatively low compared to the prevailing interest rate on
Bank loans because of the severity of the liquidity stemming from these transfers could be deducted before
Maturity at commercial banks. Namely payable borne by the Ministry of Finance
To finance the deficit of my time, while remittances Bank sold to deduct a percentage of the amount of Asdaria
To realize the benefit of the community care and retirement minors.
khabaar.net
