The Ministry of Finance has announced that reconstruction bonds will remain available for citizens until the end of January. This initiative aims to enhance development and investment while activating the country’s financial and monetary policies.
The Ministry has issued a statement, of which NRT Arabic has received a copy. According to the statement, the third construction bond, worth 2 trillion Iraqi dinars, will be available to citizens until the end of January 2024. The bonds aim to support the reconstruction and construction movement and also encourage citizens to participate in investing by purchasing these bonds.
According to the statement, the bonds are now tradable on the Iraq Stock Exchange. They are available in two denominations: 500,000 dinars and 1 million dinars. The bonds also offer 6% and 8% annual interest rates depending on the selected time period.
The Ministry has emphasized that purchasing and trading bonds is tax-exempt per the Federal Budget Law of 2023. It encourages investors and citizens to take advantage of this opportunity and participate in this economic activity.
