The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

by **Rocky** Fri 01 Oct 2021, 6:41 am

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Post n°1

The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

by Rocky Fri 01 Oct 2021, 6:41 am

The Ministry of Finance announces the issuance of {construction} bonds in the financial market and clarifies its details

Time: 10/01/2021 11:23:16
Reading: 1,261 times

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{Economic: Al Furat News} The Ministry of Finance / Public Debt Department, in cooperation with the Central Bank of Iraq, announced the issuance of construction bonds tradable in the stock market, with the guarantee of the Ministry of Finance.
The Finance published the categories of bonds offered for trading, which are {a bond of 500 thousand dinars with an annual interest of 6% for two years, and a bond of a category of one million dinars with an interest of 7% for a period of 4 years}.
The ministry pointed out that "the public wishing to purchase can submit their requests through authorized banks," calling "all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy."
She pointed out that "the process of trading these bonds comes in accordance with the plans and mechanisms of the process of financial sustainability and its improvement, in addition to the positive economic effects of raising the levels of economic activities for various sectors and enhancing the provision of broad development opportunities and within the framework of implementing the paragraphs of comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of programs Developing fiscal and monetary policy in Iraq.
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by **Rocky** Fri 01 Oct 2021, 6:45 am

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Post n°2

The Ministry of Finance issues “Binaa” bonds that are tradable on the stock exchange

by Rocky Fri 01 Oct 2021, 6:45 am

[size=36]The Ministry of Finance issues “Binaa” bonds that are tradable on the stock exchange[/size]

Economie| 11:20 - 01/10/2021

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Baghdad - Mawazine News
The Ministry of Finance / Public Debt Department, in cooperation with the Central Bank of Iraq, announced today, Friday, the issuance of construction bonds tradable in the stock market, with the guarantee of the Ministry of Finance.
The ministry indicated, in a statement received by Mawazine News, a copy of it, that the categories of bonds offered for trading are:
1- A bond of 500,000 five hundred thousand dinars with an annual interest rate of 6% for a period of two years.
2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years.
The ministry clarified that "the public wishing to purchase can submit their requests through authorized banks."
The ministry called on all investors and citizens to "take advantage of this investment opportunity, because of its returns for the benefit of the borrower (the investor) and for the entire national economy," noting that "the process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented in By raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities. Ended 29/A 4

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by **Rocky** Fri 01 Oct 2021, 7:00 am

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Post n°3

The Ministry of Finance announces the issuance of construction bonds in the stock market

by Rocky Fri 01 Oct 2021, 7:00 am

The Ministry of Finance announces the issuance of construction bonds in the stock market

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Today, Friday, the Ministry of Finance announced the issuance of construction bonds in the stock market.
A statement by the ministry, received by "Al-Iqtisad News", stated that "the Ministry's Public Debt Department, in cooperation with the Central Bank of Iraq, issued construction bonds that are tradable in the stock market, with the guarantee of the Ministry of Finance, and according to the categories of bonds offered for trading:
1- A bond class (500000) five hundred thousand A dinar with an annual interest of 6% for a period of two years
2- A bond of category (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 (the investor) and for the entire national economy," noting that "the process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented by raising The levels of economic activities for the various sectors and the promotion of broad development opportunities within the framework of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the White Paper, and in implementation of the programs for the development of fiscal and monetary policy in Iraq
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by **Rocky** Fri 01 Oct 2021, 7:04 am

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Post n°4

The Ministry of Finance issues a statement and sends a request to the citizens

by Rocky Fri 01 Oct 2021, 7:04 am

[size=30]The Ministry of Finance issues a statement and sends a request to the citizens[/size]

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PM:01:15:01/10/2021

On Friday, the Ministry of Finance issued (construction) bonds in the financial market, calling on investors and citizens to take advantage of this investment opportunity.

The ministry stated in a statement received by NRT Arabic, a copy of it, (October 1, 2021), that “the Public Debt Department, in cooperation with the Central Bank of Iraq, announces the issuance of construction bonds tradable in the stock market, with the guarantee of the Ministry of Finance, and according to the categories of bonds offered for trading. :
1- A class bond (500000) five hundred thousand dinars with an annual interest of 6% for a period of two years.
2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years.
The statement added, "The public wishing to purchase can submit their requests through authorized banks," calling on "all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy."
He explained, "The process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented in raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities."
The statement pointed out that "this comes within the framework of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of the financial and monetary policy development programs in Iraq."

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by **Rocky** Fri 01 Oct 2021, 7:11 am

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Post n°5

Finance begins issuing bonds and invites citizens to buy them through banks

by Rocky Fri 01 Oct 2021, 7:11 am

[size=30]Finance begins issuing bonds and invites citizens to buy them through banks

2021-10-01
[/size]
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Yes Iraq: Baghdad

The Ministry of Finance announced today, Friday, the direct issuance of (construction) bonds in the financial market, indicating the possibility of the public going to buy them through banks.
The Ministry said in a statement that “the Public Debt Department, in cooperation with the Central Bank of Iraq, announces the issuance of construction bonds that are tradable in the stock market, with the guarantee of the Ministry of Finance, and according to the categories of bonds offered for trading:
1- A class bond (500000) five hundred thousand dinars with an annual interest of 6% for a period of two years.
2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years.

And she indicated that "the public wishing to purchase can submit their requests through authorized banks."

The ministry called "all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy."
She pointed out that "the process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented in raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities."
And within the framework of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the white paper, and in application of the programs for developing the fiscal and monetary policy in Iraq.
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by **Rocky** Fri 01 Oct 2021, 7:13 am

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Post n°6

Iraq issues construction bonds for trading in the stock market

by Rocky Fri 01 Oct 2021, 7:13 am

[size=45][size=41]Iraq issues construction bonds for trading in the stock market[/size][/size]

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Nour News / Baghdad
Today, Friday, the Ministry of Finance announced the issuance of construction bonds that are tradable in the stock market.
And a statement received by “Al-Nour News” stated, “The Public Debt Department, in cooperation with the Central Bank of Iraq, announces the issuance of construction bonds that are tradable in the stock market, with the guarantee of the Ministry of Finance, and according to the categories of bonds offered for trading:
1- A class bond of (500,000) five hundred thousand dinars with an annual interest of 6% for a period of two years.
2- A class bond (1,000,000) one million dinars with an interest of 7% for a period of 4 years.
The statement stated, "The public wishing to purchase can submit their requests through authorized banks."
The Ministry of Finance invited investors and citizens to "take advantage of this investment opportunity, because of its returns for the benefit of the borrower (the investor) and for the entire national economy."
The ministry indicated, "The process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented in raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities."
The statement continued, "This measure comes within the framework of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of the financial and monetary policy development programs in Iraq."
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by **Rocky** Sat 02 Oct 2021, 7:37 am

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Post n°7

Iraq announces the issuance of (construction) bonds in the financial market and determines the benef

by Rocky Sat 02 Oct 2021, 7:37 am

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Iraq announces the issuance of (construction) bonds in the financial market and determines the benefits for investors and residents

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2021-10-02 07:36

Shafaq News/ The Ministry of Finance announced the Public Debt Department on Friday that it, in cooperation with the Central Bank of Iraq, issued construction bonds that are tradable in the stock market, with the guarantee of the ministry.
According to the categories of bonds offered for trading:
1- A class bond (500000) five hundred thousand dinars with an annual interest of 6% for a period of two years.
2- A bond of category (1000000) one million dinars with an interest of 7% for a period of 4 years.
A statement issued by the ministry today, received by Shafaq News Agency, indicated that the public wishing to purchase can submit their requests through authorized banks.
The ministry called on all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy.
She pointed out that the process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects represented in raising the levels of economic activities for various sectors and enhancing the availability of broad development opportunities.
And within the framework of implementing the paragraphs of the comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of the programs for developing the financial and monetary policy in Iraq, according to the statement.
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by **Rocky** Sat 02 Oct 2021, 7:42 am

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Post n°8

Re: The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

by Rocky Sat 02 Oct 2021, 7:42 am

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Two economists: The new central bank bonds are another type of borrowing

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2021-10-02 07:40

Shafaq News/ Two economists said that the goal of the Central Bank of Iraq's recent step regarding issuing new financial bonds is to reduce the rise in monetary inflation in the country.
And the Central Bank of Iraq announced last Sunday, the issuance of new bonds in two financial categories.
The bank stated in a statement received by Shafak News Agency; In continuation of the role of the Central Bank of Iraq in developing the local financial market and mobilizing savings, the Central Bank offered the first issue of (construction) bonds of two categories (500,000) dinars (five hundred thousand dinars) with annual interest (6%) for two years, and (1,000,000) dinars. (One million dinars) with annual interest (7%) for four years.
The central bank confirmed; That "the purchase of these bonds will be through authorized banks, which receive purchase requests from those who wish to do so and deliver them a receipt for the purchase amounts of these bonds, where the Central Bank issues them and delivers them to the banks within a short period."
Other loans
The economist, Ahmed Saddam, says that “bonds are a type of loan, but they differ as they represent loans or borrowing from the central bank to the public, and this is done in contracts, and it is an important monetary policy used by many countries of the world, and it is one of the important tools of the central bank’s tools in Controlling the presentation of cash.
Saddam states to Shafak News Agency; “The objectives of offering these bonds by the Central Bank at this particular time is the purpose of financing and reducing the monetary mass as a result of the high level of financial inflation, as the Central Bank offers these bonds for the purpose of reducing the purchasing power of individuals, and at the same time there is an ability by the Central Bank to Lending to some investment agencies and having sufficient liquidity to approve some projects, so that he moves these hoarded funds in homes and from the pockets of individuals and directs them in an investment manner.
Saddam continues, "In Iraq, there is an important or partial flaw that is concentrated in the lack of trust (between the citizen on the one hand and the central bank and banks on the other) and exemplified by these bonds that are issued from time to time, on the grounds that if we assume the exchange rate of the Iraqi currency has been reduced, As it happened in the past, here we will be facing an obsession with the citizen or the bond holder if the exchange rate is reduced, which is not expected to happen, then we will be facing a great loss for the bond holder.
He asserts that "the lack of understanding between buyers and decision-makers will push many not to go to such decisions to buy these bonds, as the issue needs explicit guarantees in this regard."
internal borrowing
A member of the Iraqi parliament, Ammar Tohme, issued a statement regarding the issuance of these bonds to the public, declaring his rejection of the Central Bank’s decision to issue bonds (which is internal borrowing) because there are no reasons and justifications for this decision according to the data.
Tohme said in a statement received by "Shafaq News" agency, "Such a decision can be heard in the days when oil selling prices were below (thirty dollars a barrel), but with the rise in oil prices to nearly eighty dollars, there are no acceptable reasons or justifications for it, as The efficiency of collecting the revenues of the outlets and from all the governorates of Iraq, including the region, will save no less than (ten trillion dinars) at the least amounts, which was confirmed by the Ministry of Finance in previous official statements.
And he continued, "Taking strict control measures on the currency auction will save annually no less than (four trillion dinars) that go to undeserved profits to parasitic banks, indicating indicators of the return of their ownership or participation in the ownership of influential political parties. Rather, the figures indicate that the illegal profits obtained by those Banks during the days of fabricating a jump in the exchange rate at the end of 2020 in just two months amounted to more than (1.3) trillion dinars.
He pointed out that “the pressure of unnecessary expenditures, and based on the actual expenditures of the past years, will confirm the absence of the need to handcuff the state to internal or external borrowing. The plan for the year 2021, amounting to (130) trillion dinars, is far from the reality of the need for actual spending, which requires the pressure of many expenditures that hide in vague public sections that make monitoring the validity and realism of spending difficult.”
He pointed out, "The cancellation of the unfair federal licensing rounds contracts, as well as the region's oil contracts with foreign companies approved in the form of partnership contracts, and replacing them with a beneficial national formula. Of the oil produced in the region, the dues of foreign companies go.”
Tohme called for "reviewing the contracts of mobile phone companies, as official documents indicate that the revenues shown in the data of these companies for the year 2013, for example, amounted to (4.2) trillion dinars for only two companies out of a total of three companies, and with an estimate of the three companies, the total revenues of the mobile phone service are not less About (6) trillion dinars.
government agent
turn; The economic expert, Abdul Rahman Al-Mashhadani, explains how bonds are issued in Iraq, stressing that there are two bodies within the country that issue them (the first is the government, the second is the central bank, and the last can act as an agent for the government for the purpose of issuing bonds), but the matter is now different in these bonds, as The bank is the one who issued these bonds and not an agent for the government.
Al-Mashhadani spoke to Shafaq News Agency; That "when the government issues bonds, whether internal or external, the goal is to finance the deficit in the general budget or finance some important projects, and this is what happened during the past years, the last of which was in 2016, and it was to finance the deficit in the general budget, and the government did not succeed in this step."
He adds that "when the central bank issues bonds, it has monetary goals other than the government's goals, and this last central bank step comes after several loans it provided to the government and housing initiatives it provided to citizens, and all these steps confirm that the central bank pumped a new currency into the market with a value of more than 30 A trillion Iraqi dinars, because the money supply rose from 64 trillion to 94 trillion dinars in the market, and this led to high inflation rates in the country, through the indicators of the Ministry of Planning, which confirmed that inflation in the country rose by 14%.
Al-Mashhadani explains, "The Central Bank issued these bonds for one goal, which is to control inflation, because 70 to 77% of the currency issued by the Central Bank goes to the market and does not return as deposits in banks, and thus is trapped in citizens' pockets and hoarded in their homes," referring to That “there is a confusion between the central bank’s procedure and the government’s procedure in terms of issuing bonds, and therefore you see some political blocs commenting that this procedure is incorrect and that it is launched at a time when the oil price may be $30 or less, but this procedure was not issued by the government, but rather by the bank and it aims to control On the inflation taking place in the country, and it is not, as was rumored, that it is a rescue of some small banks in the country.”
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The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

The Ministry of Finance issues “Binaa” bonds that are tradable on the stock exchange

[size=36]The Ministry of Finance issues “Binaa” bonds that are tradable on the stock exchange[/size]

The Ministry of Finance announces the issuance of construction bonds in the stock market

The Ministry of Finance issues a statement and sends a request to the citizens

[size=30]The Ministry of Finance issues a statement and sends a request to the citizens[/size]

Finance begins issuing bonds and invites citizens to buy them through banks

Iraq issues construction bonds for trading in the stock market

Iraq announces the issuance of (construction) bonds in the financial market and determines the benef

Iraq announces the issuance of (construction) bonds in the financial market and determines the benefits for investors and residents

Re: The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

Two economists: The new central bank bonds are another type of borrowing

Re: The Ministry of Finance announces the issuance of {construction} bonds in the financial market and c

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