Economy News – Baghdad
The Central Bank of Iraq decided to issue construction bonds to all citizens at an annual interest rate of 7%.
According to a document issued by the Central Bank, and signed by the Deputy Governor Ammar Hamad, he stated, “Based on the budget law for the year 2021, which authorized the issuance of national bonds to the public in support of the budget, the Central Bank of Iraq, as the financial agent of the Ministry of Finance, will issue bonds under the name of building bonds in 3 October 2021.
He added that “the categories offered for bonds are a bond of 500 thousand dinars with an annual interest of 6% and for a period of two years, and a bond of a category of one million dinars with an annual interest of 7% for a period of 4 years.”
He pointed out that banks will receive public purchase requests.