BAGHDAD – Reuters
The CBI said it will present the first bonds to the public since 2003.
Captivating Jabbar official and media relations at the Central Bank reported that the bank plans to sell $ 1.5 trillion Iraqi dinars ($ 1.27 billion) of government bonds for two years as part of efforts to meet the shortfall caused by the erosion of oil prices and the costs of the war against Daash.
He said the release will be the first launch of its kind since the fall of Saddam Hussein’s regime, which is the first tranche of a plan to sell five trillion dinars worth of bonds announced in January.
Iraq exports already treasury bills to local banks and has a list of international bonds.
The bank said in an emailed statement that the new version interest rate of 6% will be sold to the public and local banks in the period from March 15 to April 15.
(Dollar = 1178.0000 Iraqi dinars)