THOSE WHO SELL THE MINISTRY OF FINANCE INTERNAL GOVERNMENT BONDS?
THOSE WHO SELL THE MINISTRY OF FINANCE INTERNAL GOVERNMENT BONDS?
04/06/2016 12:41
BAGHDAD / Babylon 24 / .. A member of the parliamentary finance committee Masood Haider, Saturday, the Ministry of Finance is trying to sell government bonds to Iraqi contractors who have dues to the government, while ruled out the sale of foreign bonds.
Haider said in an interview seen / Babylon 24 / him that “according to information available from the Ministry of Finance, it is trying to sell domestic government bonds for contractors who have dues Iraqi government from the years 2013 to 2016″.
He added that “the security and the economic and political situation, is assistant to promote the sale,” noting that “Contractors can sell these bonds worth up to 3 trillion and 700 billion dinars, it’s also going to move internal Iraqi economy.”
Haider said that “the Ministry of Finance tried in 2015 to promote the sale of foreign bonds and has done workshops, but the banks were not ready to buy, and were worth at the time did not exceed billion dollars and an interest rate of 11%,” explaining that “to achieve this it needs for longer period of time.”
It is said that Finance Minister Hoshyar Zebari said on Friday that Iraq expects to sell international bonds worth two billion dollars in the fourth quarter of this year, when the international aid begins to flow, noting that it will help to reduce the cost of borrowing on Baghdad.
babil24.com
