Central launches sale of government bonds, a $ 1.5 trillion dinars
Central launches sale of government bonds, a $ 1.5 trillion dinars
Tuesday 10 May 2016 | 18:04
BAGHDAD / .. Central Bank announced on Tuesday the launch of the process for the sale of local bonds worth about $ 1.30 billion as part of efforts to meet the government’s deficit caused by falling oil prices and the cost of the war against al “Daash.”
The bank said in a statement seen by “Eye of Iraq News,” that he “was selling a local bond worth 1.5 trillion Iraqi dinars ($ 1.29 billion),” pointing out that “the bond for two years, sold at an annual discount of eight percent.”
The statement added, “The purchase of the banks and citizens requests can be submitted directly to the Central Bank.”
The central bank had announced its intention to launch a local government bonds to compensate for the shortfall in the 2016 budget year, at the request of the Ministry of Finance in March, where is the bond offering process is the first of its kind since 2003.anthy 8
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