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Care of minors circle: the resumption of work auction, the central bank increased the rate of participation to 15%

8/16/2015

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Care of minors circle, in the Ministry of Justice announced the resumption of work auction Central Bank of Iraq, after a nearly six-month halt, saying increase the ceiling amount of participation Login at the auctions of 10% to 15%, in order to achieve the profits contribute to increase the rate of investment in funds of minors " .
And transfer to a ministry statement received by the agency all of Iraq [where] a copy of it, for the Director General of the Department Hind Abdul Bg, saying that "the central bank since mid-January / 2015 until 05/31/2015, suspended auction Central Bank and Ministry of Finance, due to the change entry of [RTGS] to [CsD] system, and asked enter the auction by official bank metaphor and after strenuous and painstaking efforts of our circle were obtained exceptional approval from the bank to enter the auctions again after the accounts department has to re-activate the old account and update on the new system. " .

And emphasized "that the resumption of work on auctions was 09/06/2015, the department participated in four auctions and amount of participation of 49 billion and 710 million dinars, and made a profit of more than 585 million and 149 000 dinars."
She pointed out that "the approval to increase the ceiling of the amount of participation Login at the central bank auction of 10% to 15%, has the efforts of intensive care minors circle after a meeting with the Governor of the Central Bank, in an effort by both sides to support the minors slice and invest their money optimally" .anthy       SOURCE
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