The end of the 2017 internal borrowing plan

[yota691]

Trliuna dinars to fill the temporary budget deficit

 

 

3/11/2017 0:00  Finance announced its plan to issue treasury transfers 364 days for  Baghdad / Mustafa al - Hashimi  Iraq seeks to reduce the budget deficit by adopting fiscal and monetary policies tools that represent one sale internal bonds through remittances Ministry of Finance 's annual for 364 days to markets through auctions, supervised by the Central Bank , so that they can withdraw liquidity from outside the banking system to re - employ them again in the financial sector.  11 live auction  and the Ministry of Finance announced its plan to issue treasury transfers for the annual (364 days) for 2017 , which includes the establishment of 11 public auction  for the sale of these remittances to beneficiaries such as banks and departments of social welfare and retirement and minors.  Trliuna dinars  , according to the plan announced by the ministry and seen by the "morning", the total amount of two trillion dinars Asdarih expected to be sold completely fill the proportion of temporary disability in the general budget.  The distributed amount Altrliuna dinars between 11 auction organized by the central bank each month, as the first auction held in the twenty - second of last month amounted to $ 100 billion dinars as the last auctions scheduled to be held in 20/12 of the same amount, while the rest of auctions It shall be valued at 200 billion dinars.  Banks  The treasury and government bonds are not traded by the public to limit the currently traded on the banks and private banks on the one hand remittances, but the weakness of financial awareness among the citizens on the other hand, as the remittances of Treasury short - term ends at the end of the year which comes to finance my time deficit.  Based on the public debt, which authorized the Ministry of Finance issued remittances treasury guaranteed by the Government Act, the central bank, for being financially to the ministry as an agent, managing Auctions remittances government treasury on behalf of the ministry , which, according to the determinants of the annual budget law, issuing remittances treasury for the purposes of government funding .  The first auctions  According to a statement of the Central Bank and Ministry of Finance has approved the twenty - second of February , the first auction within the ministry 's plan to sell treasury transfers 364 days at $ 100 billion dinars.  Sale Asdarih  The statement added , has been selling the full amount of Asdarih and the highest price cut of competitive auctions 5 percent and average yield of 4.75 percent.  He pointed out that the participation of banks auctions won the presentations made by one of them.  It is said that the borrowing plan for the issuance of treasury transfers through auctions for the year 2016 included the establishment of 11 auction seven of which $ 400 billion dinars , and four of them worth 300 billion dinars.

[yota691]

Trliuna dinars to fill the temporary budget deficit

20 ShowLast update: Saturday, March 11, 2017 - 11:57

BAGHDAD / Mustafa al-Hashimi Iraq seeks to reduce the budget deficit by adopting fiscal and monetary policies tools that represent one sale internal bonds through remittances Ministry of Finance's annual for 364 days to markets through auctions, overseen by the central bank, so that they can withdraw liquidity from outside the machine banking to re-employ them again in the financial sector.

11 live auction and the Ministry of Finance announced its plan to issue treasury transfers for the annual (364 days) for 2017, which includes the establishment of 11 public auction for the sale of these remittances to beneficiaries such as banks and departments of social welfare and retirement and minors.

Trliuna dinars, according to the plan announced by the ministry and seen by the "morning", the total amount of two trillion dinars Asdarih expected to be sold completely fill the proportion of temporary disability in the general budget. The distributed amount Altrliuna dinars between 11 auction organized by the central bank each month, as the first auction held in the twenty-second of last month amounted to $ 100 billion dinars as the last auctions scheduled to be held in 20/12 of the same amount, while the rest of auctions It shall be valued at 200 billion dinars.

Banks The treasury and government bonds are not traded by the public to limit the currently traded on the banks and private banks on the one hand remittances, but the weakness of financial awareness among the citizens on the other hand, as the remittances of Treasury short-term ends at the end of the year which comes to finance my time deficit. Based on the public debt, which authorized the Ministry of Finance issued remittances treasury guaranteed by the Government Act, the central bank, for being financially to the ministry as an agent, managing Auctions remittances government treasury on behalf of the ministry, which, according to the determinants of the annual budget law, issuing remittances treasury for the purposes of government funding .

The first auctions according to a statement of the Central Bank and Ministry of Finance has approved the twenty-second of February, the first auction within the ministry's plan to sell treasury transfers 364 days at $ 100 billion dinars.

Sale Asdarih The statement added, has been selling the full amount of Asdarih and the highest price cut of competitive auctions 5 percent and average yield of 4.75 percent. He pointed out that the participation of banks auctions won the presentations made by one of them. It is said that the borrowing plan for the issuance of treasury transfers through auctions for the year 2016 included the establishment of 11 auction seven of which $ 400 billion dinars, and four of them worth 300 billion dinars.

[jeepguy]

I think  they have cut down all the  " date trees "  and are almost out of dinar finally ! 

[jeepguy]

another huge bond sale ,  had the  goal is  over a  trillion dinars too get  a  cover  for the budget !   {  these guys are using there last bit of  brain matter  too gather the last of  any dinar  ... }   -----> cover the  budge ----- mmmmmm      sold all the u.s. dollars  have they   .....  

[Hikmah]

"for the sale of these remittances to beneficiaries such as banks and departments of social welfare and retirement and minors."

 

Bonds are debt, Iraq is cheating Peter to pay Paul. They're taking dinars from the banks, social welfare programs and pension programs and replacing them with paper bonds to fill in the holes in the budget. At some point, Iraq is going to have to repay this or the banks, social welfare programs and pensions will collapse. 

[Artitech]

what are they saying anybody Know?

[jeepguy]

It sounds like every few years they end up a trillion in the hole !  

[yota691]

MOF Auctions

The Ministry of Finance is authorized under the "Public Debt Law" to issue obligations guaranteed by the government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance is authorized to conduct auctions for government debt securities on behalf of the Ministry of Finance. The Ministry of Finance issues government debt securities to finance the government of Iraq, subject to the limits of the "Annual Budget Law".  

To achieve this financing objective, the Ministry of Finance determined a system and mechanism for government debt securities auctions that will be held periodically, with the results announced at 11 am in the morning after the close of the auction at 10 am.

[Big_J]

[sandfly]

Thanks 

[yota691]

Fiscal and monetary mechanisms to bridge the fiscal deficit in the budget of 2017

Last updated: March 2017 - 11:20 12

 BAGHDAD / News Network Iraq, Iraq is seeking to reduce the budget deficit by adopting fiscal and monetary policies tools that represent one sale internal bonds through remittances Ministry of Finance's annual for 364 days to markets through auctions, overseen by the central bank, so that they can withdraw liquidity from the outside the banking system to re-employ them again in the financial sector 0.11 a live auction and the Ministry of Finance announced its plan to issue treasury transfers to the annual order (364 days) for 2017, which includes the establishment of 11 public auction for the sale of these remittances to beneficiaries such as banks and departments of social welfare and retirement and Alqabarn.trliuna dinars, according to the plan announced by the ministry, the total amount of two trillion dinars Asdarih expected to be sold completely fill the proportion of temporary disability in the general budget. The distributed amount Altrliuna dinars between 11 auction organized by the central bank each month, as the first auction held in the twenty-second of last month amounted to $ 100 billion dinars as the last auctions scheduled to be held in 20/12 of the same amount, while the rest of auctions It shall be valued at 200 billion Danar.bnuk banks the treasury transfers and government bonds are not traded by the public for limited circulation currently on banks and private banks on the one hand, and the weakness of financial awareness among the citizens on the other hand, as the remittances of Treasury short-term ends at the end of the year which is coming to finance the deficit and my time . Based on the public debt, which authorized the Ministry of Finance issued remittances treasury guaranteed by the Government Act, the central bank, for being financially to the ministry as an agent, managing Auctions remittances government treasury on behalf of the ministry, which, according to the determinants of the annual budget law, issuing remittances treasury for the purposes of government funding .ol auctions according to a statement of the Central Bank and Ministry of Finance has approved the twenty-second of February, the first auction within the ministry's plan to sell treasury transfers 364 days at $ 100 billion dinars .Sell Asdarih the statement added, was the full amount of Asdarih sale and the highest price cut of competitive auctions 5 percent and average yield 4.75 percent. He pointed out that the participation of banks auctions won the presentations made by one of them. It is said that the borrowing plan for the issuance of treasury transfers through auctions for the year 2016 included the establishment of 11 auction seven of which $ 400 billion dinars, and four of them worth 300 billion dinars.

[ChuckFinley]

Thanks Yota. There seems to be a lot of Banking and Finance articles today.

[yota691]

New auction of treasury remittances next June

5/30/2017 0:00    Baghdad / Mustafa al - Hashemi  regulates the central bank in the atheist and the month of June next public auction for the sale of treasury transfers for the annual 364 days, the Ministry of Finance within the domestic borrowing plan for the current year.  The Central Bank, as a financial agent of the ministry manages auctions transfers based on the law  of  public debt, which authorized the Ministry  of  Finance issued treasury remittances are guaranteed by the government for the purposes of government funding to fill the temporary part of the deficit in the general budget for Iraq.  The source said the "morning" that the value of Asdarih for these bonds amounting to 200 billion dinars, indicating that this auction will be the fifth of its kind within the Ministry of Finance plan to issue treasury transfers for the current year.  It is hoped the full amount of the sale Asdarih to the beneficiary parties that will participate in the auction and retirement care circles and minors as well as a number of other banks.  In the same context , the central bank announced the results of the auction of treasury transfers for the annual 364 days , which was held last Wednesday at $ 200 billion dinars emissivity.  The statement said that the auction resulted in the sale of the full amount of Asdarih and the highest price cut competitive auctions 4 percent and the average yield of 4 percent to 6 participants also did not identify won 4 of them offers they have made.  The Ministry of Finance plan to issue treasury transfers to internal borrowing in 2017 include the establishment of 11 public auction, two of them in the amount of 100 billion dinars and the remaining $ 200 billion dinars in order to fill the temporary deficit in the general budget.

[yota691]

The Central Bank regulates the auction of treasury remittances in June

Number of readers: 232

 

 

The Central Bank regulates the auction of treasury remittances in June

 

30-05-2017 02:39 PM

 

Euphrates -

 

The Central Bank regulates the atheist and the twentieth of the month of June next public auction for the sale of treasury transfers for the annual 364 days, the Ministry of Finance within the domestic borrowing plan for the current year.

A source in the Central Bank said that the bank as an agent financially to the ministry manages auctions transfers based on the Public Debt Act, which authorized the Ministry of Finance and remittances Treasury guaranteed issuance by the government for the purposes of government funding to meet part of the temporary deficit in the general budget for Iraq. And that the value of Asdarih for these bonds amounting to 200 billion dinars, indicating that this auction will be the fifth of its kind within the Ministry of Finance plan to issue treasury transfers for the current year. It is hoped the full amount of the sale Asdarih to the beneficiary parties that will participate in the auction and retirement care circles and minors as well as a number of other banks.

In the same context, the central bank announced the results of the auction of treasury transfers for the annual 364 days, which was held last Wednesday at $ 200 billion dinars emissivity. The statement said that the auction resulted in the sale of the full amount of Asdarih and the highest price cut competitive auctions 4 percent and the average yield of 4 percent to 6 participants also did not identify won 4 of them offers they have made. The Ministry of Finance plan to issue treasury transfers to internal borrowing in 2017 include the establishment of 11 public auction, two of them in the amount of 100 billion dinars and the remaining $ 200 billion dinars in order to fill the temporary deficit in the general budget.

[Big_J]

[yota691]

The central bank regulates the public auction for the sale of treasury transfers

By SD SD -

May 30, 2017

 

Treasures Media / Baghdad ..

The Central Bank regulates the 21st of the month of June next public auction for the sale of treasury transfers for the annual 364 days, the Ministry of Finance within the domestic borrowing plan for the current year.

The newspaper "Al-Sabah" official issued today in number, "The value of these Asdarih own bonds amounting to 200 billion dinars," indicating that "this auction will be the fifth of its kind within the Ministry of Finance plan to issue treasury transfers for the current year."

The newspaper added, "It is hoped the full amount of the sale Asdarih to the beneficiary parties that will participate in the auction and retirement care circles and minors as well as a number of other banks."

The newspaper said that "the Central Bank is as an agent financially to the ministry manages auctions transfers based on the public debt, which authorized the Ministry of Finance issued remittances Treasury guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of the Iraq law."

[gregp]

The perpetual vacuum. Someone please remove the Duracell batteries, so this train will come to an end!

[yota691]

Half a trillion dinars to fill the temporary budget deficit

21/8/2017 12:00 am    Achieved auctions of treasury transfers until June ,   Baghdad / Mustafa al - Hashemi  auctions of treasury transfers made for the Ministry of Finance 's annual order, regulated by the Central Bank, amounts of money to reduce the budget deficit amounted to the first six months of this year , 520 billion and 430 million dinars.  The central bank, as the financial agent of the ministry to manage auctions of remittances based on the Public Debt Law, which authorized the Ministry of Finance to issue treasury transfers guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of Iraq.  According to the results of the auctions, which was announced by the Central Bank and followed by "morning" the first auction, within the plan of the Ministry of Finance to issue Treasury transfers for the current year, which was held in February, resulted in the sale of the full amount of 100 billion dinars. As for the results of the second auction, which was held in March last year, the Central Bank said in a statement that the auction held on 22/3 resulted in the sale of the total amount of 200 billion dinars, while the Central did not announce the results of the third auction on 19/4 .  Iraq relies on fiscal and monetary policy instruments, one of which is the sale of domestic bonds to reduce the budget deficit through the Ministry of Finance's 364-day annual remittances, supervised by the central bank, with the aim of withdrawing liquidity from outside the banking system to re-employ them in the  financial sector  .  The auction of the fourth treasury transfers, which was held on the twenty-fourth of last May, the sale of the full amount of the reserves of 200 billion dinars. On the 21st of June, the Central Bank organized an auction for the sale of treasury transfers for the 364-day period of 200 billion dinars, during which 120 billion and 430 million dinars were sold.  The Ministry of Finance announced its plan to issue treasury bills for the annual period (364 days) for the year 2017, which includes the establishment of 11 public auctions to sell these remittances to beneficiaries such as banks, social welfare services, retirement and minors.  According to the plan announced by the ministry and seen by "morning" the total amounts of the issuance of two trillions dinars is expected to be sold in full to meet the proportion of temporary deficit in the  general budget

[jg1]

430 billion dollars short. Ouch. How much longer can they keep this up.

Edited August 20, 2017 by jg1

[yota691]

Here an article on that first auction can't seem to find the CBI article....Link to the thread 

The Ministry of Finance Treasury sells money orders worth 100 billion dinars 

• BAGHDAD / tomorrow Press:

• The Ministry of Finance sold treasury futures remittances worth 100 billion dinars, and won the full transfer of one bank.

  A source at the central bank for "tomorrow 's Press," that "the Ministry of Finance approved on 22 February , the current conduct a public auction (Auction Y28 ) for the sale of remittances to the treasury in order to (364 days), and $ 100 billion dinars."

  He added, "The transfer has been fully sold and the highest price cut of competitive auctions and the value (5%), the average yield (4.75%) and the number of participating banks (2) has one bank won the offers they have made."

[yota691]

Second auction DV link

Announcement No. ( Y29 )

The auction of treasury remittances No. Y29 is a uniform price auction a nominal value of 200,000,000,000.000 dinars , and the auction ended on 22/03/2017 , and they provided what amounted 466,090,000,000.000 dinars. Competitive bids accepted amounted to 465,090,000,000.000 dinars amounted to non - competitive bids accepted 1,000,000,000.000 dinars, the price of a higher discount rate cut provided a successful tender was 5.00%

 

DETAILS (AMOUNT IN IRAQI DINARS)	NOTES
Bonds	Discount
The amount Asdarih	200,000,000,000.000
The amount of bids submitted	466,090,000,000.000
Pricing	unified
Omar Sindh in days	364
Settlement Date	03/23/2017
due date	03/22/2018
The number of bidders for competitive bidding	5
The number of successful bidders for tenders	5
The total non-competitive bids accepted	1,000,000,000.000
The total competitive bids accepted	465,090,000,000.000
Total competitive bidding allocated	199 , 000, 000 , 000.000
Over the returns (discount rates) competitive bidding	[4.00% -5.50%]
Price cutting%	5.00
Average yield competitive	4.76
The amount of bids submitted as a percentage of the amount offered

[yota691]

Fourth Auction DV Link M / announcement of auction results
The Ministry of Finance approved on 24/05/2017 an auction auction
(Y31) for the sale of treasury bills (364) days and the amount of (200) billion dinars
(Two hundred billion dinars). The total amount of the issuance was sold at the highest price
(4%) and the average yield (4%) was the number of participants
6) 4 of them won the offers.
with respect
  Central Bank of Iraq
  Baghdad
2017/5/28

[yota691]

and the one in June DV Link 

Announcement No. (Y32)

The auction of treasury number Y32 remittances is a standard auction price The nominal value of 200,000,000,000.000 dinars, and the auction concluded on 06.21.2017 and were presentations amounted to 120,430,000,000.000 dinars. Competitive bids accepted amounted to 119,930,000,000.000 dinars amounted to non-competitive bids accepted 500,000,000.000 dinars, the price of cutting the highest discount rate provider for a successful tender was 4.50%

 

 

Details (amount in Iraqi dinars)	Notes
Bonds	Discount
The amount Asdarih	200,000,000,000.000
The amount of bids	120,430,000,000.000
Pricing	Multi
Omar bond in days	364
Settlement Date	06/22/2017
due date	06/21/2018
Number of bidders for competitive bidding	5
The number of successful bidders for tenders	5
Total bids noncompetitive accepted	500,000,000.000
Total bids accepted competitive	119,930,000,000.000
Total competitive bidding allocated	119,930,000,000.000
Over the returns (discount rates) competitive bidding	[3.80% -4.50%]
Price cutting%	4.50
Average yield competitive	4.09
The amount of bids as a percentage of the amount offered	60.22

[yota691]

Add this one to the list 

Advertising Auction Results

 

  

 August 24, 2017

The Ministry of Finance approved on 23/8/2017 a public auction of Y34 auction for the sale of treasury bills for the period (364) days and the amount of (200) billion dinars (two hundred billion dinars). (4%). The number of participants was (6) and (1) of them won the offers they submitted.

[yota691]

The central and central banks support the budget by 200 billion dinars

28/8/2017 12:00 am  BAGHDAD / Al-Sabah  The Central Bank will organize a new auction for the sale of treasury remittances in the Ministry of Finance for the period of 364 days in the amount of 200 billion dinars.  A source for the "morning" that the auction mentioned is the eighth auction of its kind within the plan of the Ministry of Finance to issue treasury transfers for the current year, in order to reduce the temporary deficit in the general budget through domestic borrowing by selling treasury remittances at an auction organized by the Central Bank.  The central bank, as the financial agent of the ministry to manage auctions of remittances based on the Public Debt Law, which authorized the Ministry of Finance to issue treasury transfers guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of Iraq.  According to the source, it is hoped to sell the full amount of issuances to the beneficiaries who will participate in this auction. The central bank announced the results of the sale auction of Treasury remittances, which was held on the twenty-third of this August. In a statement, the Ministry of Finance approved a public auction for auction Y34 for the sale of treasury bills for 364 days and 200 billion dinars. The total amount of the auctions was sold at the highest competitive auction rate of 4 percent and the average yield of 4 percent.  He pointed out that the number of participants in the auction amounted to 6 beneficiaries and one of them won the offers.  The Ministry of Finance announced its plan to issue treasury bills for the annual period (364 days) for the year 2017, which includes the establishment of 11 public auctions to sell these remittances to beneficiaries such as banks, social welfare services, retirement and minors.  According to the plan announced by the ministry, the total amounts of the issuance of two trillions dinars is expected to be sold in full to meet the proportion of temporary deficit in the general budget.