Iraq to issue New Bonds

By John Lee.

The Central Bank of Iraq (CBI) has said it will issue a new series of bonds on behalf of the Ministry of Finance.

The "Injaz/Enjaz" ["achievement"] bonds will be offered in two denominations:

1. A 500,000 Iraqi Dinar (IQD) bond with an annual interest rate of 6.5 percent for a period of two years, payable semi-annually;
2. A 1,000,000 Iraqi Dinar (IQD) bond with an annual interest rate of 8.5 percent for a period of four years, also payable semi-annually.

They will be available to the public from 15th April to 15th May, 2024.

Download the CBI letter (Arabic) here.

(Source: CBI)