Iraq plans to issue bonds after the adoption of the budget law
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Iraq plans to issue bonds after the adoption of the budget law
by Ponee Tue Jan 28, 2014 8:25 am
[ltr]
[/ltr]01/27/2014 17:12:00
[ltr]Iraq plans to issue bonds after the adoption of the budget law[/ltr]
[ltr]Iraqi Central Bank announced that the banking sector did not lead role in the granting of credit so far.
The central bank governor, Abdul-Basit Turki said in an interview with Arab, Monday,
"the need to show the private banks softer more in relation to the profits earned from currency translation differences or letters of guarantee."[/ltr]
[ltr]
Turki said "we have not succeeded yet in diversifying the sources of income of the Iraqi economy."
The Governor of the Central Bank that "there is an intention for the issuance of sovereign bonds after the adoption of a new budget law," pointing out "that the current law does not allow the Minister of Finance to issue sovereign bonds of the State of Iraq."
PUKmedia Arabic[/ltr]
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