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The Central Bank of Iraq launches bonds worth 1.5 trillion dinars at an interest rate of 8.5%
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Economy News - Baghdad
The Central Bank of Iraq decided to launch completion bonds worth 1.5 trillion dinars in implementation of the financial budget law for the years 2023-2025.
According to a document issued by the Central Bank and obtained by Al-Iqtisad News, “the issuance of public debt bonds is offered to the public in the name of completion bonds in the amount of 1.5 trillion dinars,” indicating that the Central Bank issues this bond on behalf of the Ministry of Finance.
The document confirmed that the bonds are in two categories, the first is 500 thousand dinars, with an annual interest of 6.5%, paid every 6 months for a period of two years, while the second is
a category of one million dinars, with an interest of 8.5%, paid every six months for a period of four years.
The document added that the sale of bonds begins on April 15, 2024, until May 15, 2024.
Enjaz bonds are considered to have the highest interest rates after reconstruction and building bonds, the interest rate of which reached 7% annually.
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Economy News - Baghdad
The Central Bank of Iraq decided to launch completion bonds worth 1.5 trillion dinars in implementation of the financial budget law for the years 2023-2025.
According to a document issued by the Central Bank and obtained by Al-Iqtisad News, “the issuance of public debt bonds is offered to the public in the name of completion bonds in the amount of 1.5 trillion dinars,” indicating that the Central Bank issues this bond on behalf of the Ministry of Finance.
The document confirmed that the bonds are in two categories, the first is 500 thousand dinars, with an annual interest of 6.5%, paid every 6 months for a period of two years, while the second is
a category of one million dinars, with an interest of 8.5%, paid every six months for a period of four years.
The document added that the sale of bonds begins on April 15, 2024, until May 15, 2024.
Enjaz bonds are considered to have the highest interest rates after reconstruction and building bonds, the interest rate of which reached 7% annually.
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