Central: The process of debt accumulation was stopped by 2017 and international bonds came to prove our ability

by **RamblerNash** Sun Dec 10, 2017 9:55 am

Central: The process of debt accumulation was stopped by 2017 and international bonds came to prove our ability

Sunday, December 10,

Alsumaria News / Baghdad
, said the financial operations and debt management of the Central Bank Director Mahmoud Dagher, Sunday, he was stopped the accumulation of debt during the year 2017 process, noting that the issuance of international bonds came to prove the ability of Iraq to deal with the international financial community.

Dagher said during a seminar attended by Alsumaria News, "The year 2015 was the year to stop the collapse in fiscal policy, and in 2016 is to find ways to resist," noting that "2017 is the year to stop the process of debt accumulation."

Dagher added that "the two billion received by the Ministry of Finance from the issuance of international bonds was only to prove the ability of Iraq to deal with the international financial community more than the need of Iraq in the sense that the account of the Ministry of Finance dollars contain a balance much higher."

On February 19, 2017, the Central Bank of Iraq announced its ability to cover Iraq's international obligations as well as the financing of foreign trade, while confirming that the country's foreign currency reserves are within international standards.

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