Minister: Iraq sells bonds to local citizens for the first time since 2003

Baghdad, Jan. 21 (Reuters) - Iraqi Minister of Finance said on Thursday that Iraq intends to sell domestic bonds to citizens, the first since 2003, the time and were expected to issue worth five trillion dinars ($ 4.24 billion) this year, with the country's progress to meet the growing deficit budget.

Minister Hoshyar Zebari told a news conference in Baghdad that the bonds of which three years will be issued at a price of ten percent interest and will be sold to "citizens and employees."

Iraq already issued treasury bills to local banks and has a list of international bonds.

(Dollar = 1180 Iraqi dinars)

(Preparation Ahmed Inspirational Arab Bulletin)