Economy News – Baghdad
The Ministry of Finance has officially announced the opening of public subscription for national bonds (first edition) with a total value of one trillion Iraqi dinars, valid from February 10 to March 10, 2025.
This initiative aims to bolster local investment and provide citizens and investors with viable savings instruments, as stated in the ministry’s release.
The bonds are categorized into two types: The first bond has a value of 500,000 dinars and offers an annual interest rate of 6%, maturing after two years, with interest payments scheduled every six months. The second bond will mature within six months.
Notably, these bonds can be traded on the Iraq Stock Exchange, creating an attractive investment opportunity for both individual citizens and corporations seeking stable financial instruments.
The issuance of these bonds aligns with Article 77 of the Federal Public Budget Law No. (13) for the years 2023, 2024, and 2025. The objective is to strengthen the national economy and enhance trust in the Iraqi financial system, according to the financial statement.
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