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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central securities deal with fiscal deficits and temporally

    Rocky
    Rocky
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    Posts : 273681
    Join date : 2012-12-21

    Central securities deal with fiscal deficits and temporally Empty Central securities deal with fiscal deficits and temporally

    Post by Rocky Sun 02 Apr 2017, 2:35 am

    Central securities deal with fiscal deficits and temporally



    04/02/2017 0:00

    Baghdad / Al- Sabah said a member of the Baghdad Economic Forum Jaafar Yassin , the importance of national bonds , which intends to put forward by the Central Bank for its role in government funding support. He pointed out that government bonds are another means of monetary policy, but not circulated to the public is now limited circulation currently on banks and banks Alahlihldaf financial awareness among the citizens. He called the importance of diversification of financial instruments to support government funding, in order to achieve the desired of this trend , which is economically acceptable goals. Iraqi Central Bank announced that it plans to launch a national bonds with a nominal value of one trillion dinars, less than $ billion, at an interest rate of 8 percent. Central said in a press statement: "He is determined to put national bonds with a nominal / Asdarih second on behalf of Basaddarah Ministry of Finance of five categories , namely: 100 thousand dinars, and 25 thousand dinars, Wu 500 thousand dinars, and one million dinars, and five million dinars , and the amount of one trillion dinars." Based on the public debt, which authorized the Ministry of Finance issued remittances Treasury guaranteed by the Government Act, the Central Bank, being financially to the ministry agent, manages auctions remittances government treasury on behalf of the ministry , which, according to the determinants of the annual budget law, issuing money orders Treasury for the purposes of government funding . "The bonds will be sold an interest rate of 8 percent annually annual coupons for a period of two years from 2/4/2017 in nominal terms and payable by the Ministry of Finance on 2/4/2019." The statement did when he called it "can banks and citizens submit all purchase orders to the central bank directly with bringing a color copy of the identity of the Civil Status," pointing out that "can use those bonds as collateral to obtain loans or facilities or any transactions require collateral, it can also be traded in the market Iraq Stock Exchange , buying and selling. " The sale of money orders of the Central Bank and Treasury transfers one of the means of monetary policy taken by the central bank to deal with the levels of liquidity on a temporary basis , as it represents an investment risk - free, so they play an active role in the secondary market. In this regard , the relevant economic affairs Ahmed in charge: that he comes bond offering to finance the temporary deficit, while the central bank bonds are long - term and will last for years.


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