Iraq stop the plan to issue bonds because of international high-yield

​Alsumaria News / Baghdad
Ministry of Finance announced on Sunday that Iraq suspended its plans to issue international bonds, attributed the reason for this is that the revenue that will pay will be very high. Fadel said the Prophet Iraqi Deputy Minister of Finance that the recent "ordered a halt to bonds because the interest rate will be high." It was Iraq who are fighting terrorist groups and suffering from shrinking oil revenues because of low crude prices may hold meetings throughout the week with investors in Europe and the United States last month in an effort to promote a version planned. The aspires to raise about two billion dollars from the initial version is denominated in the US currency in the context of the series were versions will reach six billion dollars. But informed sources said that investors demanded very high returns, which was Iraq will carry a heavy financial burden.