Achieved auctions of treasury transfers until June ,
Baghdad / Mustafa al – Hashemi
auctions of treasury transfers made for the Ministry of Finance ‘s annual order, regulated by the Central Bank, amounts of money to reduce the budget deficit amounted to the first six months of this year , 520 billion and 430 million dinars.
The central bank, as the financial agent of the ministry to manage auctions of remittances based on the Public Debt Law, which authorized the Ministry of Finance to issue treasury transfers guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of Iraq.
According to the results of the auctions, which was announced by the Central Bank and followed by "morning" the first auction, within the plan of the Ministry of Finance to issue Treasury transfers for the current year, which was held in February, resulted in the sale of the full amount of 100 billion dinars.
As for the results of the second auction, which was held in March last year, the Central Bank said in a statement that the auction held on 22/3 resulted in the sale of the total amount of 200 billion dinars, while the Central did not announce the results of the third auction on 19/4 .
Iraq relies on fiscal and monetary policy instruments, one of which is the sale of domestic bonds to reduce the budget deficit through the Ministry of Finance’s 364-day annual remittances, supervised by the central bank, with the aim of withdrawing liquidity from outside the banking system to re-employ them in the
financial sector .
The auction of the fourth treasury transfers, which was held on the twenty-fourth of last May, the sale of the full amount of the reserves of 200 billion dinars.
On the 21st of June, the Central Bank organized an auction for the sale of treasury transfers for the 364-day period of 200 billion dinars, during which 120 billion and 430 million dinars were sold.
The Ministry of Finance announced its plan to issue treasury bills for the annual period (364 days) for the year 2017, which includes the establishment of 11 public auctions to sell these remittances to beneficiaries such as banks, social welfare services, retirement and minors.
According to the plan announced by the ministry and seen by "morning" the total amounts of the issuance of two trillions dinars is expected to be sold in full to meet the proportion of temporary deficit in the general budget