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[size=48]Business Council: agreement on a timeframe for the launch of Treasury Bonds for the benefits Contractors
June 27, 2016
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Our economy / Baghdad
The president of the Iraqi National Business Council David Abdul Zayer, in full agreement on the timeframe for the launch of Treasury bonds to benefit contractors in the whole of Iraq, noting that "the next few days will witness directly the Ministry of Finance, regardless Contractors bonds to the Central Bank of Iraq."
Said Abdul Zayer on the sidelines of a meeting of the Planning Minister Salman Jumaili, representatives from the Economic Committee and the Committee on Services in the House of Representatives and the National Business Council of Iraq, he was "on the basis of full agreement and the time limit, will the Iraqi Central Bank on the exchange beginning with the arrival of the claim by the Ministry of Finance, thus Barashid of state banks and Iraq and the Iraqi trade Bank would be enough to buy these bonds and reimburse contractors for the owners of these bonds. "
He explained, "it was agreed that the ratio will be 100% of the project is completed, which reached the completion rate to 80 or 85 per cent, which is one of the strategic projects."
He continued, "As for the projects that ratios are few and non-completion strategy will exchange 40% of the dues, stressing continue to work with the Commission to the end of the year on the basis of the remaining dues to contractors next year."
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[size=48]Business Council: agreement on a timeframe for the launch of Treasury Bonds for the benefits Contractors
June 27, 2016
[size=14][You must be registered and logged in to see this link.][/size]
[/ltr][/size]
[ltr]
[You must be registered and logged in to see this link.]
Our economy / Baghdad
The president of the Iraqi National Business Council David Abdul Zayer, in full agreement on the timeframe for the launch of Treasury bonds to benefit contractors in the whole of Iraq, noting that "the next few days will witness directly the Ministry of Finance, regardless Contractors bonds to the Central Bank of Iraq."
Said Abdul Zayer on the sidelines of a meeting of the Planning Minister Salman Jumaili, representatives from the Economic Committee and the Committee on Services in the House of Representatives and the National Business Council of Iraq, he was "on the basis of full agreement and the time limit, will the Iraqi Central Bank on the exchange beginning with the arrival of the claim by the Ministry of Finance, thus Barashid of state banks and Iraq and the Iraqi trade Bank would be enough to buy these bonds and reimburse contractors for the owners of these bonds. "
He explained, "it was agreed that the ratio will be 100% of the project is completed, which reached the completion rate to 80 or 85 per cent, which is one of the strategic projects."
He continued, "As for the projects that ratios are few and non-completion strategy will exchange 40% of the dues, stressing continue to work with the Commission to the end of the year on the basis of the remaining dues to contractors next year."
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