Iraq today - An informed source at the Central Bank of Iraq on Sunday revealed last willing to put up bonds in local currency for sale Where between the source said 'Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency'.
The source added that 'bonds, which will be put up will be available to all citizens and the various classes in order to take advantage of it will be local and national' noting that 'selling mechanism will be announced in the near future'.
The source continued that 'there is a surplus in foreign currency in the country and, therefore, he went to the Central Bank to sell bonds in the national local currency away from the dollar sold'.
Reply With Quote