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Al-Kazemi’s advisor reveals new details about the sale of “construction” bonds
- Time: 02/10/2021 16:41:08
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{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Saturday, the details of the plan to sell construction bonds.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Saleh told Al Furat News, a copy of it, that "the plan to sell construction bonds may contribute to a decrease in the prices of real estate and housing units in the country if it is directed to construction and investment in this sector."
He added, "Through construction and building new metropolises, the housing supply will increase in this case, and the rising wave the country is witnessing may subside."
Saleh stressed that "the aim of establishing these bonds came to activate the idle money and that there be a meaningful revitalization of the economy."
The Ministry of Finance / Public Debt Department announced today, in cooperation with the Central Bank of Iraq, 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 financial sustainability process 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.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Saturday, the details of the plan to sell construction bonds.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Saleh told Al Furat News, a copy of it, that "the plan to sell construction bonds may contribute to a decrease in the prices of real estate and housing units in the country if it is directed to construction and investment in this sector."
He added, "Through construction and building new metropolises, the housing supply will increase in this case, and the rising wave the country is witnessing may subside."
Saleh stressed that "the aim of establishing these bonds came to activate the idle money and that there be a meaningful revitalization of the economy."
The Ministry of Finance / Public Debt Department announced today, in cooperation with the Central Bank of Iraq, 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 financial sustainability process 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.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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