New Iraqi bonds to be issued in U.S. DOLLARS, NOT Dinars!!
I just read that the new Iraqi bonds will be issued in U.S. DOLLARS, NOT Dinars!!
Isn't this BAD news?
PLEASE reply to this thread! I am starting to think the potential change in value will NEVER happen!!
Here is the article I just saw this morning:
Long-Presse / Baghdad
Detection Governor of the Central Bank of Iraq on the Keywords, on Saturday, for the approval of a cell of the crisis on financial bond issue worth five billion dollars sold to the public, and pointed out that the Bank assigned the management of the bonds as a financial agent of the government and will begin immediately issued, and as he emphasized that Iraq is bankrupt and did not exhausted resources to solve the liquidity crisis, ruled that it affects the employees' salaries.