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CBI News 04/10/2018


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 April 10, 2018
Auction Results Announcement (for selling Islamic certificates of deposit)

 

The Central Bank of Iraq approved the auction of ICD107 for the sale of Islamic certificates of deposit for a period of (14) days and the amount of (50) billion dinars (50 billion dinars) and the sale of certificates of 10 billion dinars at a uniform rate and the highest rate of return (0.70%). , The number of participants (1) bank has won the amounts provided.

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Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund 

  
 April 10, 2018
Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund 

 

The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail and his accompanying delegation represented Iraq with the Ministry of Finance at the 41st annual meeting of the Board of Governors of the Arab Monetary Fund held in the Dead Sea area of the Hashemite Kingdom of Jordan for the period 10-11 April 2018.

During this meeting, a number of important topics were discussed. The most important of these was the system of settlements and clearing for Arab payments, which would provide an environment for financial transfers between the Arab countries and thus enhance Arab trade and Arab economic integration.

For its part, the Fund has paid great attention to the achievement of cooperation and exchange of experiences in the field of monetary policies among the Arab countries and coordination of their positions in international forums and meetings as well as strengthening coordination between central banks and Arab monetary institutions in various fields related to the work of these banks.

He also stressed the assistance in exchanging experiences and experiences between central banks, and thus these steps will achieve monetary cooperation among Arab countries in order to reach a common formula in the construction of monetary policies.

 

https://cbi.iq/news/view/668

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Logo of the Central Bank of Iraq

  

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Economy News Baghdad :

The central bank on Wednesday auctioned Islamic certificates of deposit worth 50 billion dinars.

The Central Bank said in a statement received by "Economy News" that "on 2018/4/9, the auction of ICD107 for the sale of Islamic certificates of deposit for a period of (14) days and the amount of (50) billion dinars."

He added that "certificates were sold at (10) billion dinars at a uniform rate and the highest rate of return (0.70%)," pointing out that "the number of participants and one bank has won the amounts provided."


Views 181   Date Added 04/11/2018

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