Revealing A Movement To List Government Bonds In The Markets
Economy | 02/26/2024 Mawazine News – Baghdad The Iraqi Securities Commission highlighted, on Monday, the importance of government bonds, noting that they provide financial liquidity for investment projects, while revealing the existence of a movement from the Central Bank to list government bonds in the markets.
The Chairman of the Authority, Faisal Al-Haims, said in a statement to Mawazine News, “Three issues of government bonds were issued, as the first and second issues were launched, and now there is the third issue.”
He pointed out that “there are requests from the Central Bank of Iraq to list these bonds in the market,” noting that “those bonds are debt securities owed by the Iraqi government, in exchange for interest given to the owner of this bond.”
Al-Haims explained, “This measure will provide financial liquidity for the investment projects launched by the Prime Minister and his government,” suggesting that they “will be crowned with goodness and success for the Iraqis.”
Government bonds are a type of debt-based investment, where you lend money to the government in exchange for an agreed interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to obtain set returns, paid at regular intervals. https://www.mawazin.net/Details.aspx?jimare=242771
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