Auction of the Ministry of Finance

Auction of the Ministry of Finance

6/7/2014 0:00

Iraqi DinarBaghdad – Mostafa Hashemi
The Ministry of Finance on Monday auction of Treasury Notes of the order of 364 days at $ 500 billion dinars.
, said a source in the ministry said the auction is the sixth this year and the third of its kind, which is the sale of treasury transfers to government agencies such as banks and the Retirement Commission and the Ministry of Labor , adding that the maturity date will be in the seventh month of July next year. Based on the public debt law, which authorized the Ministry of Finance issued remittances Treasury guaranteed by the government, the Central Bank of Iraq as an agent financially to the Ministry of Finance manages auctions of treasury transfers on behalf of the ministry for the purposes of government funding.

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