Governor of the Central Bank of Iraq: the postponement of the issuance of local bonds to 2015
Governor of the Central Bank of Iraq: the postponement of the issuance of local bonds to 2015
Mon, January 27, 2014 20:12
BAGHDAD / translation Baghdadi News / .. The Iraqi Central Bank Governor Abdul-Basit Turki said Monday that “Iraq is postponed to next year, plan to issue the first bonds in local currency him in ten years, while unlikely to pose bonds
International in 2014. “According to Reuters news agency Mazkrt
The government wants the first version of its local currency bonds since the overthrow of Saddam Hussein in 2003.
Officials said the bonds will be for five years.
Turki said on the sidelines of a financial conference in Dubai, “The legal difficulties preventing the issuance of bonds this year as planned, but gave no details.”
He added that “the objective of the version is not funding the government budget deficit, but to expand the capital markets and diversify investment options in front of banks,” stressing that “no plans to issue international bonds this year,” but he did not comment on the possibility of doing so in the following years.
He said the governor of the Iraqi Central Bank, said that “inflation is not a cause for concern as it is currently hovering just above two percent, adding that it expected the economy to grow more than eight percent in 2014.” Finished / 21 GS
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