Central Bank acknowledges sale of remittances at $ 200 billion dinars

Saturday 15 December 2012


BAGHDAD - babysit - admitted the CBI auction procedures for the sale of bank transfers for 91-day $ 200 billion dinars.

The statement said the central bank "has been selling issue the full amount as the price of a 5% discount and won 4 banks post auction out of 5 banks."

In Iraq, there two systems for the sale of government bonds are bonds the central bank short-term bonds and in days, and long-term Treasury bonds 5% interest rate issued by the Ministry of Finance based on the law of public debt, which conferred upon issuance of treasury remittances are guaranteed by the government.

And the Central Bank of Iraq as a financial agent of the Ministry of Finance Department of Treasury auctions remittances Government of Iraq on behalf of the ministry, which will, according to the determinants of the annual budget law by issuing treasury remittances for the purposes of government funding ... p / i


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