Finance announces an extension of the period of availability of reconstruction bonds to citizens and clarifies the mechanism for purchasing them
Finance announces an extension of the period of availability of reconstruction bonds to citizens and clarifies the mechanism for purchasing them
11-2-2023
Information/Baghdad..
Today, Thursday, the Ministry of Finance announced an extension of the period for making construction bonds available to citizens, while clarifying the mechanism for purchasing them.
A statement from the Ministry, received by the “Information” Agency, stated, “The Ministry of Finance, in its contribution to providing investment opportunities for citizens and achieving economic stability, announces the continued availability of Emaar bonds to citizens, until Thursday, November 9, 2023.”
The statement added, “The details of the bonds offered are:
-The first issuance of bonds worth one and a half trillion Iraqi dinars, tradable on the Iraq Stock Exchange, is available in two categories:
-The first is at a price of (500,000) five hundred thousand dinars, with an annual interest of 6% for a period of two years.
The second price is 1,000,000 one million dinars, with an annual interest rate of 8% for a period of four years.
Purchasing and trading of the bonds offered are exempt from taxes, according to what is stated in the General Federal Budget Law No. 13 of 2023.”
He continued, “The mechanism for applying to purchase the bond:
-Persons wishing to purchase bonds can submit a direct application to one of the approved banks, bringing with them the original identification documents.
-The buyer will be given a receipt by the bank for the amount he paid to purchase the bond.
The buyer keeps the receipt until the bond is prepared, and the buyer brings the aforementioned receipt to the bank to receive the bond after preparing it.
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