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The end of the 2017 internal borrowing plan


yota691
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 September 28, 2017
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The Ministry of Finance approved on 27/7/2017 a public tender for the auction of Y35 for the sale of treasury bills for a period of 364 days and 200 billion dinars. ) And the average return (3.87%). The number of participants (6) won their offers.

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  • yota691 changed the title to Half a trillion dinars to fill the temporary budget deficit

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A new annual auction to sell treasury transfers

   
 

 
 


23/10/2017 12:00 am 

BAGHDAD / Al-Sabah 
The Central Bank is to organize a special auction for the sale of treasury bills at the Ministry of Finance in the amount of 200 billion dinars for the 364-day period, as part of the internal borrowing plan for the current year announced by the ministry. 
The central bank, as the financial agent of the ministry, manages remittance auctions based on the Public Debt Act, which authorizes the Ministry of Finance to issue treasury transfers guaranteed by the government for government funding purposes to meet part of the temporary deficit in the general budget of Iraq. 
According to an informed source, it is hoped to sell the full amount of the issuances to the parties that will participate in the auction such as retirement and social welfare and care of minors. 
In addition, the Ministry of Finance held a public auction of auction Y35 for the sale of treasury bills for 364 days and 200 billion dinars.
According to a statement by the Central Bank, the total amount of the issuance was sold at the highest competitive auction rate of 4% and the average yield was 3.87%. The number of participants was 6 which won the offers. 
The Ministry of Finance announced at the beginning of the year its plan for the year 2017 on internal borrowing to issue treasury transfers through auctions supervised by the Central. 
The plan included the establishment of 11 auctions annually to sell treasury transfers the value of each auction 200 billion dinars, except for two auctions of 100 billion dinars, according to a bulletin of the ministry in this regard.
 
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A new auction for the central bank to sell treasury bills next Wednesday

 

 Since 2017-10-23 at 16:25 (Baghdad time)

%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9

Baghdad Mawazine News

The Central Bank announced on Monday the organization of an auction on the twenty-fifth of this month to sell treasury remittances of the Ministry of Finance with an amount of 200 billion dinars for the annual term 364 days under the domestic borrowing plan for the current year announced by the ministry.

The Central Bank said in a statement that it will "finance the 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 fill part of the temporary deficit in the general budget of Iraq "He said.

He added that it is hoped to sell the full amount of issuances to the parties that will participate in the auction such as retirement and social welfare and care of minors.

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People this is what every country does, even us, sells their treasury to others(countries etc) to fill what ever up they need...

 

Just like we lost trillions and all the chick had to say was , I dunno...

 

Numbers on a screen can be easily manipulated...

 

If you make a lot of friends and they see a good fit for you, your in with the rest of the international community...just gotta follow all the rules... it's when you don't they have a problem...

 

Iraq's almost dayumn near out of the muddy waters and in the clear with the rest of the modern world...

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  • 1 month later...

Bridging the temporary budget deficit by more than one trillion dinars

   
 

 
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02/12/2017 12:00 AM 

Under the internal borrowing plan prepared by the Ministry of Finance for the year 2017 
Baghdad / Mustafa al-Hashemi

The sale of treasury remittances issued by the Ministry of Finance achieved the desired results by withdrawing liquidity that exceeded JD1 trillion from outside the banking sector to be re-employed in such a way as to reduce the temporary deficit gap in the budget through this process, which is considered an internal borrowing.

According to the results of these auctions announced by the Central Bank has estimated the statistics of the "morning" the total amount of publications sold through 10 auctions were established during the year under the supervision of the Central. 
According to the Public Debt Act, which authorizes the Ministry of Finance to issue treasury transfers guaranteed by the Government, the Central Bank, as the financial agent of the Ministry, manages auctions of government treasury transfers on behalf of the Ministry, which, according to the limits of the Annual Budget Law, . 
According to the results followed by "morning" has exceeded the amount Trluna and 220 billion and 430 million dinars obtained from the sale of remittances Treasury issued by the Ministry of Finance until November last year.
This month, it is expected to hold the last auctions of the sale of treasury remittances for the current year, which will be the number Y38 in the amount of 100 billion dinars; and is organized by the Central Bank, and it is hoped to sell fully to the parties that will participate. 
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. 

It is noteworthy that the scheme of internal borrowing to issue treasury transfers through auctions for 2017 included the establishment of 11 auctions, two of them worth 100 billion dinars and the remaining nine worth 200 billion dinars. 
According to a statement by the Central Bank, the Ministry of Finance approved on the fifteenth of last month a public auction "auction Y37 to sell cash transfers for the period (364) days and the amount of (400) billion dinars."
"The total amount of the auction was sold at the highest competitive auction price (3.90 percent) and the average yield (3.31 percent), adding that the number of participants in the auction was five, and three banks won bids.

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  • 2 weeks later...
On 12/2/2017 at 4:16 AM, yota691 said:

This month, it is expected to hold the last auctions of the sale of treasury remittances for the current year, which will be the number Y38 in the amount of 100 billion dinars; and is organized by the Central Bank, and it is hoped to sell fully to the parties that will participate. 

This the last one....

 
 December 14, 2017
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The Ministry of Finance approved on 31 December 2017 a public tender for the auction of Y38 for the sale of treasury bills for the period (364) days and the amount of (400) billion dinars (four hundred billion dinars only) has been sold the amount of the full and the highest price of competitive auctions (3.90% ) And the average yield (3.67%). The number of participants was (7) and the banks won (5) bids.

file-151324473674418.jpg

 

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On 02/12/2017 at 5:16 PM, yota691 said:

The sale of treasury remittances issued by the Ministry of Finance achieved the desired results by withdrawing liquidity that exceeded JD1 trillion from outside the banking sector to be re-employed in such a way as to reduce the temporary deficit gap in the budget through this process

 

Less chunky dinar out there now.:rolleyes:

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8 hours ago, yota691 said:

This the last one....

 
 December 14, 2017
Advertising Auction Results

 

The Ministry of Finance approved on 31 December 2017 a public tender for the auction of Y38 for the sale of treasury bills for the period (364) days and the amount of (400) billion dinars (four hundred billion dinars only) has been sold the amount of the full and the highest price of competitive auctions (3.90% ) And the average yield (3.67%). The number of participants was (7) and the banks won (5) bids.

file-151324473674418.jpg

 

 

"the last one"...........................aye caramba!  :pirateship:

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Much Appreciated Yota,  Well 2018 is looking better, fingers crossed let's see how this coming year plays out. A lot of us always hope first quarter of every new year then by mid summer then before end of that year. So I raise my glass to all of DV may this be our year, I wish a safe and great holiday for all of us and a wonderful New Year coming. 

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5 minutes ago, siberian_shaddow said:

Much Appreciated Yota,  Well 2018 is looking better, fingers crossed let's see how this coming year plays out. A lot of us always hope first quarter of every new year then by mid summer then before end of that year. So I raise my glass to all of DV may this be our year, I wish a safe and great holiday for all of us and a wonderful New Year coming. 

 I'll drink to that. 

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  • yota691 changed the title to The end of the 2017 internal borrowing plan

The end of the 2017 internal borrowing plan

   
 

 
 


20/12/2017 12:00 am 

 
Baghdad - Mustafa Hashim  
witnessed this month the establishment of the latest auctions for the sale of remittances of the Treasury for the current year and carrying the number Y38 in the amount of 400 billion dinars within the domestic borrowing plan for 2017 announced by the Ministry of Finance. 
The plan included the establishment of 11 auctions to sell treasury transfers under the supervision of the Central Bank and the value of 400 billion dinars per auction. 
A statement by the Central Bank that "the Ministry of Finance approved, on the thirteenth of this month, a public auction for the sale of remittances for a period of 364 days and the amount of 400 billion dinars." 
"The total amount of the auctions was sold at the highest competitive auction price of 3.90 percent and the average yield of 3.67 percent," he said. "The number of participants in the auction has been won by five banks."
According to the Public Debt Act, which authorizes the Ministry of Finance to issue treasury transfers guaranteed by the Government, the Central Bank, as the financial agent of the Ministry, manages auctions of government treasury transfers on behalf of the Ministry, which, according to the limits of the Annual Budget Law, . 
According to an economist, treasury transfers are dealt with internally (within Iraq), which are government bonds issued by the government, ranging from six months to a whole year, which are not interest-bearing but are sold at a certain discount on their nominal value and grant the government a relatively low cash interest To the prevailing interest rate on bank loans because of the liquidity of these cases arising from the possibility of discounting them before their due date with commercial banks.
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