Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

New CBI announcements 12/20/2015


yota691
 Share

Recommended Posts

 

  • The Ministry of Finance approved on  2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on  
    12.20.2015

  • To  / all licensed banks  and  licensed money transfer all companies  and  financial investment companies  and  broker the buying and selling of foreign currencies approved all companies(foreign exchange rate) 
    12/20/2015

  • Upvote 3
Link to comment
Share on other sites

This is previous auction (Y15) 

Announcement Number (Y15) 18-Nov-2015

Auction number Y15 of government debt securities was a uniform price auction for IQD 200,000,000,000.000 par value concluded on the 18-11-2015.

Total public biddng is IQD 72,500,000,000.000 Valid competitive bids totaled IQD 72,000,000,000.000 and valid non competitive bids totaled IQD 500,000,000.000 and the cut off yield (the highest yield of a successful bidder) determined by auction was 6.00%.

DETAILS (AMOUNTS IN IRAQI DINARS) NOTES Securities Offered Discount Total Offering 200,000,000,000.000 Total Public Bidding 72,500,000,000.000 Pricing Multiple Term of Security(days) 364 Settlement Date 19-11-2015 Maturity Date 17-11-2016 Competitive Bidders 2 Winning Bidders 2 Total Non-Competitive Bids Awarded 500,000,000.000 Total Valid Competitive Bids 72,000,000,000.000 Total competitive Bids Awarded 52,000,000,000.000 Range of Yields  of Valid Competitive Bids [6.00%-7.00%] Cut off Yield 6.00 Average Competitive Yield 6.00

Bids Received as % of Amount Offered

36.25
  • Upvote 2
Link to comment
Share on other sites

The CBI had one more auction left to conclude the 26 Auctions, which is toward the CBI stimulus program of the 5 Trillion "the central bank's initiative to give the task of small and medium-sized loans to stimulate the private sector

I could be wrong but I don't think this is last one to complete the 26 Auctions....

  • Upvote 3
Link to comment
Share on other sites

Thank you, Yota. I too, am a long-time member who reads and benefits from your posts and hard work. Things appear to be getting more and more interesting with every passing day, and I wanted to acknowledge your efforts before things around here get even more crazy. Wishing you and all DV members a happy, healthy, and very wealthy holiday season.

  • Upvote 3
  • Downvote 1
Link to comment
Share on other sites

Yota - I would like to Thank You, too, for all the relevant articles you post.  This is one of my key venues to keep up to date on current events in Iraq.

 

Thank you, Yota. I too, am a long-time member who reads and benefits from your posts and hard work. Things appear to be getting more and more interesting with every passing day, and I wanted to acknowledge your efforts before things around here get even more crazy. Wishing you and all DV members a happy, healthy, and very wealthy holiday season.

Thanks I do see a lot of folks that hang out under Guest, I wish all ya'll would not be so shy and move to Members and make your self at home...Anyway Thanks again..and Presence I plus ya but someone took that away... :facepalm1: Hope everybody has a Great Day...

  • Upvote 1
Link to comment
Share on other sites

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.

 

 

 

This is previous auction (Y15) 

Announcement Number (Y15) 18-Nov-2015

Auction number Y15 of government debt securities was a uniform price auction for IQD 200,000,000,000.000 par value concluded on the 18-11-2015.

Total public biddng is IQD 72,500,000,000.000 Valid competitive bids totaled IQD 72,000,000,000.000 and valid non competitive bids totaled IQD 500,000,000.000 and the cut off yield (the highest yield of a successful bidder) determined by auction was 6.00%.

 

DETAILS (AMOUNTS IN IRAQI DINARS) NOTES

Securities Offered Discount

Total Offering 200,000,000,000.000

Total Public Bidding 72,500,000,000.000

Pricing Multiple

Term of Security(days) 364

Settlement Date 19-11-2015

Maturity Date 17-11-2016

Competitive Bidders 2

Winning Bidders 2

Total Non-Competitive Bids Awarded 500,000,000.000

Total Valid Competitive Bids 72,000,000,000.000

Total competitive Bids Awarded 52,000,000,000.000

Range of Yields  of Valid Competitive Bids [6.00%-7.00%]

Cut off Yield 6.00

Average Competitive Yield 6.00

Bids Received as % of Amount Offered 36.25

 

 

THANKS YOTA...(+1)


public auction auction (Y16) is not yet posted on the CBI website...!

Edited by ronscarpa
  • Upvote 3
Link to comment
Share on other sites

Financial borrow 200 billion dinars from the inside

 

 

         


12/23/2015 0:00 

BAGHDAD - the morning 
 after the finance ministry announced domestic borrowing plan for the fourth quarter of this year through the issuance of treasury transfers for the purposes of government funding, the ministry approved a last auction this year for the sale of treasury transfers to the annual order (364) days and $ 200 billion dinars. A source »Sabah» that during the auction the full amount of Asdarih sale and the highest price for the cut of competitive auctions (4.5 percent) and the average 4.221 percent yield. 
He said the number of participants four banks have one bank won the bid is competitive, along with the National Pension Authority amounts provided by. And it included the Ministry of Finance plan at the time, the establishment of three annual auctions of $ emissivity 200 billion dinars, were the establishment of the first auction in October 28 last and held the second auction on the eighteenth of November while the last was held on the seventeenth of this month. 
The auctions of treasury transfers of the Ministry of financial plan for government borrowing from the inside to finance temporary budget deficit. According to the Public Debt Law No. (95) for the year 2004, which authorized the Ministry of Finance issuing remittances treasury guaranteed by the government, the central bank, being financially to the ministry as an agent, the management of Auctions remittances Government treasury on behalf of the Ministry of Finance, which is in accordance with the parameters of the annual issuance of remittances budget law Treasury for the purposes of government funding. And included the Ministry of Finance for the 2014 plan to issue treasury transfers through the establishment of 10, including five annual auctions and other semi-annual emissivity of $ 500 billion dinars for each auction. While the borrowing plan for the current year, represented by the establishment of three annual auctions. According to the Ministry of Finance's website holds the Public Debt Department of the Ministry of Finance «task scheduling and the payment of the old and new domestic debt and the issuance of money orders and follow up on all things legal and topics relevant to the subject of Iraq's foreign debt settlement and legal payments against claims which are held abroad to the Iraqi government in external debt subject ».

Read more: http://dinarvets.com/forums/index.php?/topic/213218-financial-borrow-200-billion-dinars-from-the-inside/#ixzz3v6MTFIn1

  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.