State Bank Launches National Bonds Worth 2 Trillion Iraqi Dinars

The government-owned Rafidain Bank announced, on Monday, the launch of national bonds (first issue) in the amount of (2) trillion dinars for the period from February 10 to March 10, 2025.

He said in a statement received by Shafak News Agency that this comes in line with the directives of the Ministry of Finance and the Central Bank of Iraq.

He explained that the bonds are divided into two categories:

– A bond of 500,000 dinars (five hundred thousand dinars) with an annual interest of 6% paid every six months for a period of two years.

– A bond of 1,000,000 dinars (one million dinars) with an annual interest of 7.5% paid every six months for a period of four years.

He added that the bond is sold to banks as well as to the public (natural and legal persons).

He explained that the person (whether natural or legal) wishing to purchase submits a direct application to the bank, bringing with him the original identification documents.

Shafaq.com