Iraq issues sovereign bonds worth $ 2 billion in 2018

Iraq issues sovereign bonds worth $ 2 billion in 2018

2017/11/26 12:22

Iraq issues sovereign bonds worth $ 2 billion in 2018{International: Al-Furat News} Iraq’s central bank governor said on Sunday that Iraq intends to issue sovereign bonds of two billion dollars in 2018.
Governor Ali Ismail Al-Alak told Reuters during a visit to Abu Dhabi that the foreign exchange reserves amounted to about 49 billion dollars, attributed to the increase in oil prices in the recent period.
“The bank has applied for a branch license in Saudi Arabia and has received verbal approval from the Saudi Arabian Monetary Agency (SAMA),” said Faisal Al-Hims, chairman and acting chief executive officer of the Iraqi Bank for Trade.
On 29 November 2016, the Cabinet approved the issuance of $ 2 billion in foreign bonds

alforatnews.com