Central presents new monetary categories
Central presents new monetary categories
Wednesday 09 March 2016 13:39
Central Bank of Iraq, announced his intention to launch a national bonds in five categories of the middle of this month, indicating that the Annual her interest amounting to 6%, among it can be used as collateral to obtain financial facilities loans.
The bank said in a statement, he said he will ask the national bonds (nominal) on behalf of the Ministry of Finance in nominal terms and as of the middle of this month , March 15 and ends on 15 April next year ‘, adding that’ Asdarih will offer five categories include (100,000 and 250,000, and 500,000 and 1,000,000 and 5,000,000) , the
bank added that the value of this amounts to be raised will reach 1.5 trillion dinars, indicating that the ‘sale will be at a discount and will be 6% interest per annum and is payable by the Ministry of Finance in March 14 2018. the
bank added that citizens can and banks all provide purchase orders to the Central Bank directly, pointing out he can use those bonds as collateral for loans and facilities or any transactions require collateral, it can also be traded on the Iraq Stock Exchange , buying and selling and are deductible to the public and private banks.
Iraq is seeking to issue an internal national bonds to finance the deficit in the public budget for Iraq as a result of the drop in oil prices to below $ 30 per barrel.
alqurtasnews.com
