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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


    Finance launches third issue of government bonds “Enjaz” for public subscription

    Rocky
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    • Post n°1

    Finance launches third issue of government bonds “Enjaz” for public subscription Empty Finance launches third issue of government bonds “Enjaz” for public subscription

    Post by Rocky Thu 17 Oct 2024, 6:52 am

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    •  Today, 11:35


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    Baghdad-INA
    The Ministry of Finance announced today, Thursday, the launch of the third issue of government “Enjaz” bonds for public subscription.
    A statement by the ministry, received by the Iraqi News Agency (INA), stated that "the Ministry of Finance, represented by the Public Debt Department and in cooperation with the Central Bank of Iraq, announces the offering of the third issue of government "Injaz" bonds for public subscription with a total value of up to 1.3 trillion Iraqi dinars."
    The statement added that "the details of the issue included:
    ● Bond type: Government bonds denominated in Iraqi dinars.
    ● Categories offered:
    A bond worth 500,000 Iraqi dinars with an annual interest of 6.5%, paid every six months for two years.
    A bond worth 1,000,000 Iraqi dinars with an annual interest of 8.5%, paid every six months for four years.
    ● Subscription period: from 10/14/2024 to 11/13/2024
    ● Subscription method: Purchase requests are submitted to branches of banks authorized by the Central Bank of Iraq, attached with the required identification documents. The amount is transferred via the  RTGS electronic payment system on the same day of purchase, and the buyer receives a temporary receipt until the bond is received from the bank.
    ● Invitation to participate: The Ministry invites citizens, investors and companies to participate in this issuance of government bonds.
    ● Trading: The offered bonds are tradable on the Iraq Stock Exchange.
    ● Legal Framework: This release is based on Federal General Budget Law No. 13 for the years 2023, 2024, and 2025.
    ● The issued bonds are stamped with a special seal and signed by the Ministry of Finance.
    He added that "the benefits of the subscription included:
    - Fixed return: The government is obligated to pay the annual interest and the value of the bond when the maturity date arrives.
    - Safe investment: Government bonds are among the safest investments due to the government guarantee.
    - Strengthening the national economy: Subscription funds contribute to financing development projects and supporting financial stability in the country.


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