Economic (time): Step fill budget deficit

Economic (time): Step fill budget deficit

– July 26, 2015

Central plans to put up two billion dollars bonds

Economic (time): Step fill budget deficit

BAGHDAD Qusay Munther

Economic expert stressed that the benefit of the Iraqi Central Bank put securities lies in addressing the scarcity of the fiscal deficit in the budget, while the Bank intends to put up bonds for the benefit of the Ministry of Finance worth two billion dollars. The economist said on behalf of Antoine's (time) yesterday that (the bank offering financial bonds is the style followed to address the scarcity of the existing fiscal deficit in the budget). He said that (there is a paragraph in the budget states that in the case of deficit, the Bank external lending process Aodakhla where they are put through internal bonds and loans to citizens). Antoine said that (the Bank to determine how long the Sindh raises and determine interest from him by the citizen and the period in which the recovery). He said he (There must be flexibility in the launch of these bonds and bank can also be sold in the stock market), said Antoine that (transfers subject to the laws of the bank market because the remittances received out of the country on a regular basis and can not be sold on the black market, where will be a comparison between the amounts transferred and banks People that import goods to cover the value of the transfer that transformed). The bank announced a price reduction of remittances market in dollars, indicating that the price reached 1203 dinars. The bank said in a statement yesterday that the (dollar exchange rate in the remittances market fell to 1203 dinars). He said (his intention to put up bonds for the benefit of the ministry two billion dollars). He pointed out that (payable bonds in 2016 where it can be used as collateral for loans or facilities require guarantees). The statement continued that the (version will be four categories is 2500 and ten thousand and 500 thousand and one hundred thousand US dollars and the total amount of two billion dollars). Explaining that he (will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the ministry on 31 December of next year, to be paid in dollars at maturity).


[You must be registered and logged in to see this link.]

There must be flexibility in the launch of these bonds and bank can also be sold in the stock market), said Antoine that (transfers subject to the laws of the bank market because the remittances received out of the country on a regular basis and can not be sold on the black market, where will be a comparison between the amounts transferred and banks People that import goods to cover the value of the transfer that transformed). The bank announced a price reduction of remittances market in dollars, indicating that the price reached 1203 dinars.





He pointed out that (payable bonds in 2016 where it can be used as collateral for loans or facilities require guarantees). The statement continued that the (version will be four categories is 2500 and ten thousand and 500 thousand and one hundred thousand US dollars and the total amount of two billion dollars). Explaining that he (will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the ministry on 31 December of next year, to be paid in dollars at maturity).