Central Bank announces sale 200 billion dinars Khawwalat of the Treasury
Central Bank announces sale 200 billion dinars Khawwalat of the Treasury
4/17/13
Iraqi Central Bank announced on Wednesday, the sale 200 billion dinars Khawwalat of the treasury, pointing out that the three banks win remittances.
The bank said in a statement received “Alsumaria News,” a copy of it, that “the Bank conducted a public auction at its meeting of 82 for the sale of remittances treasury during the 91-day and $ 200 billion dinars,” adding that “it was whole sale الاصدارية and at a discount amounted to 4.80%.” The bank added that “the participants in the auction included three banks,” he said, adding that “all of these banks won this الاصدارية through competitive bidding.”
It is noteworthy that the central bank as a financial agent of the Ministry of Finance Treasury Auctions remittances management on behalf of the Government of Iraq and the Ministry of Finance, which will, according to the determinants of the annual budget law to issue treasury transfers for the purposes of government funding.
The Central Bank as an independent institution under its law issued on the sixth of March of the year 2004, as an independent body which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the system Mali competitive and independent, and Bank conducts daily sessions for the sale and purchase of foreign currencies with the exception of public holidays.
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