Central Bank: sovereign bonds of Iraq the most expensive in the world

Central Bank: sovereign bonds of Iraq the most expensive in the world

Monday June 4, 2012

Central Bank of Iraq said that “international sovereign Iraqi bonds issued under the Paris Club granted a higher interest rate / not specified / purchased at prices which makes it expensive compared to the rest of the sovereign bonds rose for the rest of the countries that confer benefits by about 2%.”

The deputy governor of Bank of the appearance of Mohammed, “The current account surplus in the balance of payments amounted to about Iraqi 10% ratio to GDP (national income).” Stressing that “this will enable the Iraqi dinar rate of improvement because of the trend towards the adoption of central bank monetary policies successful.” He said.

He noted that “the Iraqi dinar on the way to improvement through the return of the spread of trading in global financial markets.”

Saleh added that “Iraq’s right to equality as a peg to the dollar is now open economically to the world and he can not re-isolation from the international incubator.” He says