- Time: 10/05/2021 21:54:10
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Saleh told Al-Furat News that “with regard to the sale of government bonds, they are presented to the sector, the public and banks, such as legal persons, which include banks or natural personalities as members of society, and everyone has the right to purchase.”
He added, “Banks follow their policies, such as diversifying their financial surpluses by purchasing bonds and investment specified by the regulatory regulations, such as not increasing them by specific percentages of the capital.”
Saleh explained, “These policies do not fall under the category of money laundering, because they are considered financial crimes such as theft and theft of public money.”
He pointed out that “the goal of collecting money must be spent on development or improving the capital of banks that support citizens, such as industrial, agricultural, real estate and housing, so that inactive money becomes effective and contributes to moving the economy.”
A government source said yesterday, Monday, in a press statement, that most of the bonds offered by the government are bought by banks through their cash reserves with the Central Bank of Iraq, while citizens are satisfied with only one percent of those bonds.
From time to time, the Central Bank issues bonds in favor of the Ministry of Finance, for the purpose of financing some public expenditures, as it recently issued construction bonds in denominations of 500 thousand dinars and one million dinars.
From: Raghad Daham / Tah: Wafaa Al-FatlawyShare if you like