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.
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