Al-Rafidain Bank has made a historic move, unveiling the first issuance of national bonds worth a staggering IQD 2 trillion or $1.5 billion. This groundbreaking initiative launched under the directives of the Ministry of Finance and the Central Bank of Iraq signals a bold step towards economic stability…These bonds come in two distinct categories… The first category valued at IQD 500,000 offers a 6% annual interest rate payable every 6 months with a maturity period of 2 years. The second, IQD 1 million delivers…7% annually…maturity of 4 years…These bonds are available not only to banks but also to the general public…This initiative marks a new chapter in Iraq’s economic landscape…
