|
Search the Community
Showing results for tags 'government bonds'.
Found 2 results
-
The Iraqi Securities Commission: Direction to issue government bonds and list them in the market Iraq Stock Exchange - archive July 26, 2021 3:03 PM03 Mubasher: The Chairman of the Iraqi Securities Commission, Faisal Al-Haims, revealed today, Monday, that there is a tendency to issue government bonds; Either to the government itself or to one of its institutions and to be listed in the money market or the Iraq Stock Exchange. Al-Haymes said, according to the Iraqi News Agency (INA), that the issuance of bonds will revitalize the market, noting that the authority continues to obtain this support to strengthen the performance of the Iraqi Stock Exchange. Al-Haymes added that about a year ago, the authority’s presidency was changed and there was a formation of the Securities Commission, and some departments were created such as the Consumer Protection Department, the Money Laundering Department, and the Training and Development Department, indicating that this comes within the government’s plan and the white paper that is reflected on the market’s performance. The head of the Securities Commission indicated that the first half of this year compared to the second half witnessed the development of trading in the stock market, with an increase of about 360%, pointing out that these figures came from the statistics of the Arab Monetary Fund, which it monitors on a monthly basis. -
Iraq announces the issuance of (construction) bonds in the financial market and determines the benefits for investors and residents 2021-10-01 04:10 Shafaq News/ The Ministry of Finance announced the Public Debt Department on Friday that it, in cooperation with the Central Bank of Iraq, issued construction bonds that are tradable in the stock market, with the guarantee of the ministry. According to the categories of bonds offered for trading: 1- A class bond (500000) five hundred thousand dinars with an annual interest of 6% for a period of two years. 2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years. A statement issued by the ministry today, received by Shafak News Agency, indicated that the public wishing to purchase can submit their requests through authorized banks. The ministry called on all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy. She pointed out that the process of trading these bonds comes in accordance with the plans and mechanisms of the process of financial sustainability and improvement, in addition to the positive economic effects represented in raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities. And in the context of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of the financial and monetary policy development programs in Iraq, according to the statement.
