The central bank determines the interest of 5% for bonds Contractors

The central bank determines the interest of 5% for bonds Contractors



Economy News _ Baghdad:




Iraqi Central Bank revealed on Thursday that the rate of interest to contractors in the benefits of national bonds, which will give them on behalf of the Ministry of Finance will be 5%, stressing that he would not bear any error in dues contractors.

The bank said in a statement: "Economy News" received a copy of it, "the Central Bank of Iraq will on behalf of the Ministry of Finance as a financial agent regardless of dues late contractors after the completion of the Office of Financial Supervision Federal scrutiny of those dues," noting that "the bond interest will be 5% per annum The maturity period of three years. "

He added that "the Ministry of Planning will prepare lists of contractors eligible and the amounts owed to them and sent to the Ministry of Finance after being signed and stamped by the two ministries," pointing out that "the Iraqi Central Bank's role is to deliver bonds to contractors, according to their entitlements based on the lists received from the two ministries Finance and planning and the Central Bank of Iraq bears no responsibility for the health of the amounts owed to the contractors. "


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Central Bank grants bonds to contractors rather than the Ministry of Finance

Date: 17:25 20/04/2017
Central Bank of Iraq

Information / Baghdad ...

Iraqi Central Bank revealed on Thursday that the rate of interest to contractors in the benefits of national bonds, which will give them on behalf of the Ministry of Finance will be 5%, while stressing that he would not bear any error in dues contractors.

According to a statement of the bank received by the agency / information /, a copy of it, "The Central Bank of Iraq will on behalf of the Ministry of Finance as a financial agent regardless of dues late contractors after the completion of the Office of Financial Supervision Federal scrutiny of those dues," noting that "the bond interest will be 5% per annum The maturity period of three years. "

He added that "the Ministry of Planning will prepare lists of contractors eligible and the amounts owed to them and sent to the Ministry of Finance after being signed and stamped by the two ministries," pointing out that "the Iraqi Central Bank's role is to deliver bonds to contractors, according to their entitlements based on the lists received from the two ministries Finance and planning and the Central Bank of Iraq bears no responsibility for the health of the amounts owed to the contractors. "

The Ministry of Planning, on March 20 that reimbursement contractors will be 100% of the projects exceeded the percentage completion of 85%, indicating the completion of the audit about trillion and 300 billion Danar.anthy 25 K


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of the Central Bank gives bonds to contractors on behalf of the Ministry of


4 hours ago

Twilight News / Iraqi Central Bank revealed on Thursday that the interest of dues contractors in national bonds, which will give them on behalf of the Ministry of Finance ratio will be 5%, stressing that he will not bear any error in dues contractors that the Bank grants only bonds according to what he gets from the lists by the Ministry of Finance.

The Information Office of the Central Bank of Iraq Acer Jabbar Director in a statement responded to Twilight News, that the Central Bank of Iraq will on behalf of the Ministry of Finance as a financial agent regardless of dues late contractors after the completion of the Federal Office of Financial Supervision audit of those dues, where bond interest will be 5% per annum "and the duration of maturity of three years.

He added that the Ministry of Planning will prepare lists of contractors eligible and the amounts owed to them and sent to the Ministry of Finance after being signed and stamped by the two ministries, pointing out that the role of the Central Bank of Iraq is to deliver bonds to contractors, according to their entitlements based on "the lists received from the two ministries (Finance and Planning ) the Central Bank of Iraq does not bear any responsibility for the health of the amounts due to contractors.

Jabbar explained that there is a requirement for the contractor must be carried out to obtain the bond, namely:

1. Bring personal archives colored in two in the event that the contractor (natural or legal)

2. For companies requires the following: -

(A) bringing the company's meeting indicated the minutes of the name of the managing director and the company's full name (current).

(B) bring the book company registered with the Registrar of Companies in the Iraqi Ministry of Commerce certified for the year 2016 and above.

(C) In the event that an Arab or foreign company in addition to paragraphs (a, b) referred to above, the authorization is sealed from the Iraqi Ministry of Foreign Affairs of the two countries concerned, as well as sealed from the Iraqi Embassy in the countries concerned for the 2016 renewal of 2017.

(D) personal manager gripping commissioner or his passport and bring the company's seal.

3. The forms are delivered and bonds to private contractors managing director in the case of the fact that the agency managing director of proving the receipt of bonds and certified by a notary 2017.

4. the contractor signed a written pledge to the Central Bank of Iraq that there are no obligations on it from government banks.

5. Contractors will be a review of the Iraqi Central Bank to receive the forms for the granting of bonds in accordance with the lists to be published on the website of the Central Bank of Iraq and by the dates so contractors must follow up on this site [You must be registered and logged in to see this link.]

6. Contractors will be provided by the banks after a period of deduction bonds from the receipt of the forms.

7. In the case of a contractor's commitment to the three government banks (Rafidain / Rasheed / Trade Bank of Iraq) forwarded the forms for the bank to the contractor concerned.

8. In the absence of an obligation on the contractor shall be referred to one of the forms of government banks for the purposes of the discount in the case of the contractor's desire to deduct bonds either in the case of the unwillingness of the contractor to deduct the bond to be given the bond contractor.

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What the central bank issued proceedings against contractors?


Thu, 20 Apr 2017 11:14:09


Central Bank announced on Thursday that the rate of interest for dues contractors in national bonds, which will give them on behalf of the Ministry of Finance will be 5%, stressing that he will not bear any error in those receivables because it depends issued lists by the finance and planning ministries only.

He said the media office of the bank manager, Acer Jabbar, in a statement, that "the Central Bank of Iraq will on behalf of the Ministry of Finance as a financial agent regardless of dues late contractors after the completion of the Office of Financial Supervision Federal scrutiny of those dues, where bond interest will be 5% per annum and the duration of the maturity of three Years".

He added Jabbar said, "The Ministry of Planning will prepare lists of contractors eligible and the amounts owed to them and sent to the Ministry of Finance after being signed and stamped by the two ministries," pointing out that "the role of the Central Bank of Iraq is to deliver bonds to contractors, according to their entitlements based on the lists received from the two ministries (Finance and planning) and the Central Bank of Iraq bears no responsibility for the health of the amounts owed to the contractors. "

He explained that "there is a requirement for the contractor must be carried out to obtain the bond," a bank statement also cited:

1. Bring personal archives colored in two in the event that the contractor (natural or legal)

2. For companies requires the following: -

(A) bringing the company's meeting indicated the minutes of the name of the managing director and the company's full name (current).

(B) bring the book company registered with the Registrar of Companies in the Iraqi Ministry of Commerce certified for the year 2016 and above.

(C) In the event that an Arab or foreign company in addition to paragraphs (a, b) referred to above, the authorization is sealed from the Iraqi Ministry of Foreign Affairs of the two countries concerned, as well as sealed from the Iraqi Embassy in the countries concerned for the 2016 renewal of 2017.

(D) personal manager gripping commissioner or his passport and bring the company's seal.

3. The forms are delivered and bonds to private contractors managing director in the case of the fact that the agency managing director of proving the receipt of bonds and certified by a notary 2017.

4. the contractor signed a written pledge to the Central Bank of Iraq that there are no obligations on it from government banks.

5. Contractors will be a review of the Iraqi Central Bank to receive the forms for the granting of bonds in accordance with the lists to be published on the website of the Central Bank of Iraq and by the dates so contractors must follow up on this site [You must be registered and logged in to see this link.] .

6. Contractors will be provided by the banks after a period of deduction bonds from the receipt of the forms.

7. In the case of a contractor's commitment to the three government banks (Rafidain / Rasheed / Trade Bank of Iraq) forwarded the forms for the bank to the contractor concerned.

8. In the absence of an obligation on the contractor shall be referred to one of the forms of government banks for the purposes of the discount in the case of the contractor's desire to deduct bonds either in the case of the unwillingness of the contractor to deduct the bond to be given the bond contractor.

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