Iraq declares issuing building bonds in the stock market

baghdad-INA


The Ministry of Finance issued on Friday, the building bonds in the stock market.

According to a ministry statement received by the Iraqi News Agency (INA), "the Department of Public Debt in the Ministry, in cooperation with the Central Bank of Iraq, issued tradable building bonds on the stock market, guaranteed by the Ministry of Finance, and according to the categories of bonds offered for trading:

1- A bond of (500000) five hundred thousand dinars with an annual interest of 6% for a period of two years.

2- A bond of (1000000) one million dinars with an interest of 7% for a period of 4 years.

The ministry called on "investors and citizens to take advantage of this investment opportunity, because of its returns for the benefit of the borrower (investor) and the entire national economy," noting 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 of raising the levels of economic activities of different sectors and promoting the availability of broad development opportunities and within the framework of the implementation of the plans of comprehensive financial and economic reform and in accordance with the programs of financial policy development and Cash in Iraq."