Iraq to issue New Bonds

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Iraq to issue New Bonds

On behalf of the Ministry of Finance, the Central Bank of Iraq (CBI) has announced that it will issue a new series of bonds.

Two denominations of the “Injaz/Enjaz” [“achievement”] bonds will be available:

  1. A 500,000 Iraqi dinar (IQD) bond that is due semi-annually and has an annual interest rate of 6.5 percent for a two-year term;
  2. A bond of one million Iraqi dinars (IQD) that will be repaid semi-annually and have an annual interest rate of 8.5 percent for four years.

The public can access them between April 15 and May 15, 2024.

Download the CBI letter (Arabic) here.