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A new auction of Treasury transfers next month.

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A new auction of Treasury transfers next month.

25/9/2016 12:00 am
Baghdad/morning


The Central Bank regulates the nineteenth of next month an auction to sell Treasury remittances to the annual term for Treasury borrowing plan for the current year.

A source for "morning" that offering value for this bonds amounting to 300 billion dinars, indicating that this auction will be the ninth of its kind during this year.

The Central Bank, as a financial agent for the Ministry to manage auctions based on transfers public debt Act, which authorized the Ministry of Finance Treasury discounting guaranteed by the Government for government funding to meet part of the deficit in the public budget for Iraq.

In the same vein, the Central Bank said the Treasury auction results for annual term (364 days), held last Wednesday at $400 & billion dinars.

He explained that the auction had been awarded to two dominating didn't impress them by amounts that were sold and made $80 billion dinars, the highest price for the competitive auctions 5.00 percent and average return 4.28 Percent.

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