Economy News – Baghdad
The Ministry of Finance announced on Tuesday the launch of the second issue of reconstruction bonds worth more than one trillion dinars.
The ministry said in a statement received by “Economy News”, that “due to the high demand for the trading of national bonds (age bonds) and the completion of the subscription of the amount of the first issue in full, the ministry, represented by the Department of Public Debt and in cooperation with the Central Bank of Iraq, intends to provide the second issue of reconstruction bonds worth 1.5 (trontn Iraqi dinars) and with the same mechanism of the first issuance.”
She added that “this measure comes in implementation of the paragraphs of the government program related to the promotion of development and investment aspects represented by the reconstruction and construction movement witnessed by our dear country, in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall economic activity through investment in bonds,” noting that “these bonds are issued by the guarantee of the Ministry of Finance, and the bond can be acquired by submitting the application to one of the official banks licensed and registered with the Central Bank.”
The ministry called on “investors and citizens to seize the offer and take the initiative to take advantage of this investment opportunity,” noting that “the size of this issuance will be limited.”
She added that “the second issuance of bonds worth one and a half trillion dinars is tradable in the Iraq Stock Exchange, and is available in two categories:
– The first is at a price of (500,000) five hundred thousand dinars, with an annual interest rate of 6% for two years.
– The second at a price of 1,000,000 one million dinars, with an annual interest of 8% for four years.”
She pointed out that “the purchase and trading of the bonds offered are exempt from taxes, according to the Federal Budget General Law No. 13 of 2023.”
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