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Three banks win Islamic certificates of deposit of 100 billion dinars
March 04 2018 12:01 PM
March 04 2018 12:01 PM
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Three banks on Sunday won Islamic certificates of deposit worth 100 billion dinars, saying it cut at the highest rate of return.
The central bank said in a statement that it "made a public auction of Islamic certificates of deposit for 14 days and the amount of 100 billion dinars."
The bank added that "certificates were sold for 20.100 million dinars and the highest rate of return of 0.70%," noting that "won bids three banks with the amounts provided."
It established the Central Bank of Iraq as an independent institution under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy, including exchange rate policies, managing foreign reserves and issuing and managing currency. A competitive and independent financial institution.
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Baghdad Post
[rtl]Three banks on Sunday won Islamic certificates of deposit worth 100 billion dinars, saying it cut at the highest rate of return.
The central bank said in a statement that it "made a public auction of Islamic certificates of deposit for 14 days and the amount of 100 billion dinars."
The bank added that "certificates were sold for 20.100 million dinars and the highest rate of return of 0.70%," noting that "won bids three banks with the amounts provided."
It established the Central Bank of Iraq as an independent institution under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy, including exchange rate policies, managing foreign reserves and issuing and managing currency. A competitive and independent financial institution.
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