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Completion bonds
April 04, 2024
Completion bonds
:diamonds: This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance . For more, click here
https://cbi.iq/static/uploads/up/file-17122122512139.pdf
https://cbi.iq/news/view/2543
~~~~~
[partial and approximate translation of https://cbi.iq/static/uploads/up/file-17122122512139.pdf]
All financial investment companies
All electronic payment service providers
All Fenty exchange companies (8,8).
Mediation companies in buying and selling all foreign currencies
M/ Completion bonds
Firstly, due to the high demand for trading in national bonds and at the request of the Ministry of Finance,
this bank will issue Bonds (completion) on behalf of the aforementioned Ministry with the mechanism and controls attached in a link and amount
1,500,000,000 Iraqi dinars (one trillion five hundred billion Iraqi dinars).
It has been decided to inform you that if you wish to acquire these bonds, your purchase requests will be sent to the commercial banks to be completed
Providing this bank with them through these banks, and the start of selling these bonds will be from the date of 30
And for a month.
Secondly, each of the companies (providers of electronic payment and exchange services for the two companies (8.58)) and mediation in buying and selling shall be taken into account.
Foreign currency) the requirements below when purchasing the aforementioned products: -
1 The companies are required to carry out sales issued by the Ministry of Finance and promoted through this bank Exclusively,
2. Companies reflect the values of these documents above in financial records and statements.
3. Inform this bank when you sell these bonds during their holding period and reflect them in your records and data
Finance.
4. Electronic payment service provider companies are committed to purchasing the aforementioned bonds according to the amount of available liquidity
It has without the use of customers' deposited cash.
Note that purchasing and trading these bonds is exempt from taxes, according to what is stated in Budget Law No. (11) for the years
Finance (175:70714:57117) in addition to the possibility of using them as guarantees in exchange for obtaining cash credit.
Provided that the amount and duration of the credit granted do not exceed the value and term of the bonds drawn as cash
with respect.
April 04, 2024
Completion bonds
:diamonds: This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance . For more, click here
https://cbi.iq/static/uploads/up/file-17122122512139.pdf
https://cbi.iq/news/view/2543
~~~~~
[partial and approximate translation of https://cbi.iq/static/uploads/up/file-17122122512139.pdf]
All financial investment companies
All electronic payment service providers
All Fenty exchange companies (8,8).
Mediation companies in buying and selling all foreign currencies
M/ Completion bonds
Firstly, due to the high demand for trading in national bonds and at the request of the Ministry of Finance,
this bank will issue Bonds (completion) on behalf of the aforementioned Ministry with the mechanism and controls attached in a link and amount
1,500,000,000 Iraqi dinars (one trillion five hundred billion Iraqi dinars).
It has been decided to inform you that if you wish to acquire these bonds, your purchase requests will be sent to the commercial banks to be completed
Providing this bank with them through these banks, and the start of selling these bonds will be from the date of 30
And for a month.
Secondly, each of the companies (providers of electronic payment and exchange services for the two companies (8.58)) and mediation in buying and selling shall be taken into account.
Foreign currency) the requirements below when purchasing the aforementioned products: -
1 The companies are required to carry out sales issued by the Ministry of Finance and promoted through this bank Exclusively,
2. Companies reflect the values of these documents above in financial records and statements.
3. Inform this bank when you sell these bonds during their holding period and reflect them in your records and data
Finance.
4. Electronic payment service provider companies are committed to purchasing the aforementioned bonds according to the amount of available liquidity
It has without the use of customers' deposited cash.
Note that purchasing and trading these bonds is exempt from taxes, according to what is stated in Budget Law No. (11) for the years
Finance (175:70714:57117) in addition to the possibility of using them as guarantees in exchange for obtaining cash credit.
Provided that the amount and duration of the credit granted do not exceed the value and term of the bonds drawn as cash
with respect.
