Finance Committee Member: local currency bond issuance would improve the value of the Iraqi dinar

Posted by on Nov 18, 2013 | Leave a Comment

Finance Committee MP/Kurdish Alliance/smart Najeeb, the new Central Bank issue bonds in dinars within the Bank’s policy to improve the value of the Iraqi currency against other currencies.

Najib said that the Central Bank’s previous titles were in foreign currency, the Bank of dinar bond issue not to restrict its work to other currencies.

She added that the Bank will increase the bond order for five years and hopes the Central Bank issued the first tranche before the end of the year, although that decision will be taken with the participation of the Ministry of finance. He said Abdel Basset Turki said Iraqi Central Bank Governor that Iraq is planning to issue bonds in local currency for the first time for the financial policy and not for the purpose of funding

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