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Central organize an auction for Treasury remittances
12/11/2016 0:00
[rtl]BAGHDAD / morning
due to the central bank regulates the twenty - third of this month a public auction for thesale of treasury transfers for the annual 364 days emissivity of $ 300 billion dinars.
Central and regulates this auction for being, according to the Public Debt Law, a financial agent of the Ministry of Finance authorized to manage auctions of treasury transfers onbehalf of the Ministry of Finance, which will , according to the determinants of the annual budget law, the issuance of treasury remittances for internal government funding.
These bonds and buys several entities , whether governmental, circles retirement and care for minors and the social protection network, or a number of banks.
The Ministry of Finance launches sale of treasury transfers various annual and half yearly deadlines for the purpose of financing the temporary budget deficit, as well as that this process contributes to the re - employment of funds from sectors outside thebanking system to banks , thus contributing to the integration of the financial cycle within the country.
The central bank announced the results of the auction of treasury transfers, organized last month.
He said in a statement that the Ministry of Finance approved the nineteenth of last month to hold a public auction for the sale of annual remittances term of 364 days in theamount of 300 billion dinars.
He sold remittances of $ 31 billion and 500 million dinars, the highest price cut ofcompetitive auctions amounted to 4.90 percent and the average yield of 4.04 percent, confirming the participation of banks as it won the auction offers they have made.[/rtl]
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