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New CBI Announcement's 05/10/2016


yota691
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Central raises government bonds worth 1.5 trillion dinars

 Since 04.11.2016 at 09:57 (Baghdad time)

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BAGHDAD - balances News

The central bank, announced Monday, announced the launch of government bonds worth 1.5 trillion dinars middle of this month.

The bank said in a statement received / balances News / copy of which he "will launch national bonds in Iraqi dinars on behalf of the Ministry of Finance in nominal terms on the 15th of this month and ends on the fourth of April next year," indicating that "Asdarih will be of five categories namely 100,000 thousand dinars and 250,000 thousand dinars and 500,000 thousand dinars and one million dinars and 5 million dinars. "

The bank said that "the government bonds worth 1.5 trillion dinars middle of this month," adding that "the bonds will be sold at a discount of 8% per year, payable by the Ministry of Finance on 14 March 2018".

The bank added that "banks and citizens can all submit their applications directly to the bank to buy," he said. "These bonds can be used as collateral for loans, facilities or any transactions require guarantees, as can be traded in the market, buying and selling."Ended 29/42 g

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H d

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Twilight News CBI / said on Tuesday he was selling a local bond worth 1.5 trillion Iraqi dinars ($ 1.29 billion) as part of efforts to meet the government's deficit caused by falling oil prices and the cost of the war against the organization of the Islamic state.

This is the first sale of local bonds to the public since 2003, when Saddam Hussein was overthrown. Iraq has already issued treasury bills to local banks and has a list of international bonds.

The central bank said in a statement that the bonds sold for two years at an annual discount of eight percent, adding that the purchase of the banks and citizens can submit requests directly to him.

And sold bonds on behalf of the Ministry of Finance and maturing on March 14, 2018.

The version of the first segment of a plan to offer bonds to five trillion dinars, announced by the Ministry of Finance in January.

The central bank announced in March the launch of local bonds to citizens and local banks in the period from 15 March to 15 April.

(Dollar = 1165.50 Iraqi dinars)

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Iraq's population is similar to many others, there's a bell curve of citizen wealth holdings. The majority of people work for the government and get paid decently, so some can afford to buy the lower amount bonds and make some money over two or three years. There are always going to be rich, middle, and poor in any society. Iraq is no different. 

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20 minutes ago, TQueezy said:

Iraq's population is similar to many others, there's a bell curve of citizen wealth holdings. The majority of people work for the government and get paid decently, so some can afford to buy the lower amount bonds and make some money over two or three years. There are always going to be rich, middle, and poor in any society. Iraq is no different. 

Exactly.

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14 hours ago, Wiljor said:

Really??? The local citizens have the disposable income to purchase bonds? 

Sure they do! They buy everything in cash. Contrary to what people think, 80% of Iraqis have money in their homes... The percentage of poor people is not too much higher than the US.

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Economy News / Baghdad

Iraqi Central Bank announced on Tuesday put forward a national bonds worth about $ 1.3 billion, and revealed that the bonds are payable to two years will be sold at a discount rate of 8%, while confirming the possibility of using those bonds as collateral for loans or other transactions require collateral, pointed out that the requests purchase from banks and citizens can be submitted directly to him.

The central bank said in a statement received by the "Economy News", a copy of it, he "proceeded to launch a national bonds on behalf of the Ministry of Finance worth 1.5 trillion Iraqi dinars, within the efforts exerted by the government to cover the deficit caused by the deterioration of oil prices and the costs are prohibitive for the war waged by Iraq against Daash organization, "noting that" those bonds are first offered for sale since 2003 ".

The statement added, "The bonds are payable for any two years until 14 March 2018, will be sold annually at a discount rate of 8%," asserting that "orders from banks and citizens can be submitted directly to the Central Bank."

The statement pointed out, that "those bonds can be used as collateral for loans or facilities, or any transactions require guarantees, as well as the possibility traded on the Iraq Stock Exchange, buying and selling."

This is the first installment of the bonds and the $ 7 trillion Iraqi dinars, within the plan announced by the Ministry of Finance in January of this year, as the central bank announced last March that local bonds would be sold in the period from the 15th of March until mid-April, local banks and citizens.

AJ

Views 95   Date Added 10/05/2016 - 19:47   Last updated 05/11/2016 - 13:20   No. Content 3423
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History of edits:: 5/10/2016 19:03 • 112 visits readable
Central raises national bonds worth 1.5 trillion dinars
[Wayne - Baghdad] 
CBI put national bonds "nominal" amount trillion and 500 million dinars, for sale, to cover the deficit in the budget.
The bank said in a statement received by all of Iraq [where] a copy of " The Bank has launched a national bonds with a nominal on behalf of the Ministry of Finance in nominal Basaddarah of five categories [100 000, 250 000, 500 000, million, 5 million] dinars and $ trillion and 500 million dinars. " 
he noted that" are sold at a discount of 8% per annum, and is payable by the Finance in March 2018 14 ". 
" the submission of bids by banks and citizens all have the central bank directly. " 
he said the bank he " We can use these bonds as collateral for a loan, facilities or any transactions require collateral, can also be traded on the Iraq Stock Exchange , buying and selling." 
the central bank announced last month that he had put government bonds worth
1.5 trillion dinars middle of this month, adding that he could these bonds trading in the market , buying and selling. 
Iraq is seeking to issue an internal national bonds to finance the deficit in the public budget for Iraq as a result of lower oil prices, the cost of the war on terror Daash gangs.
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On 5/10/2016 at 7:29 AM, yota691 said:

H d

H d
 

Twilight News CBI / said on Tuesday he was selling a local bond worth 1.5 trillion Iraqi dinars ($ 1.29 billion) as part of efforts to meet the government's deficit caused by falling oil prices and the cost of the war against the organization of the Islamic state.

This is the first sale of local bonds to the public since 2003, when Saddam Hussein was overthrown. Iraq has already issued treasury bills to local banks and has a list of international bonds.

The central bank said in a statement that the bonds sold for two years at an annual discount of eight percent, adding that the purchase of the banks and citizens can submit requests directly to him.

And sold bonds on behalf of the Ministry of Finance and maturing on March 14, 2018.

The version of the first segment of a plan to offer bonds to five trillion dinars, announced by the Ministry of Finance in January.

The central bank announced in March the launch of local bonds to citizens and local banks in the period from 15 March to 15 April.

(Dollar = 1165.50 Iraqi dinars)

I can see the politicians rubbing their hands together now waiting for that money

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Iraq raises domestic interest bonds 8%
 

BAGHDAD (Reuters) -

 Acer Jabbar, spokesman for the Central Bank of Iraq said that Iraq hike to issue local bonds priced at 1.5 trillion Iraqi dinars ($ 1.3 billion) in order to increase sales. Jabbar told Reuters the central bank raised the price to eight percent from six percent when it raised the amount of two-year for sale in the March 15 bond. He explained that every bond buyer will receive the same rate regardless of the timing of the purchase. He added that the bank will keep the IPO until the IPO in the full version. The sale is part of the dam caused the government's deficit for the decline of oil prices and the cost of the war against the organization of the Islamic state's efforts. And sold bonds on behalf of the Ministry of Finance and maturing on March 14 2018. It was the first public offering of local bonds since the overthrow of Saddam Hussein in 2003. Iraq has already issued treasury bills to local banks and has a list of international bonds. The central bank said in March that local bonds would be sold in the period from March 15 to April April 15 for individuals and local banks.

 

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