Iraq sells bonds to local citizens for the first time since 2003 1-21
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  1. #1

    Iraq sells bonds to local citizens for the first time since 2003 1-21



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

    January 21, 2016


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

    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.


    http://www.ara.shafaaq.com/51924



  2. #2

    Re: Iraq sells bonds to local citizens for the first time since 2003 1-21

    This will be interesting as to the reception these bonds get from a country whose people have a currency value less than a penny. Something has to change

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