The Central Bank postponed issuing the first local bonds next year

Posted by on Jan 28, 2014 | Leave a Comment

aghdad (newsletter). The Iraqi Central Bank, announced Monday, postponed issuing the first local bonds next year 2015, confirmed that inflation in Iraq is a cause for concern. And the Central Bank of Iraq, under the leadership of Abdul Basit Turki Saeed, financial Iraq Conference for 2014 in Dubai and for 27-28/1/2014 and the participation of the banking sector and investment.

 

He said Bank Governor Abdel Basset Turki said on the sidelines of a financial Conference in Dubai: that ‘ Iraq has postponed to next year a plan to issue its first bonds in local currency in 10 years ‘, adding that ‘ legal difficulties issuing bonds this year as planned. Turkish added that ‘ it is unlikely that the coming international bonds in 2014 ‘, stating that ‘ the objective of not financing Government budget deficit but expanding capital markets and diversify the investment banks ‘ options. In another context, the Governor of the Central Bank that inflation is ‘ worrisome now as hovering above the two percent only, pointing out that the ‘ economy is expected to grow more than eight percent in 2014. ‘/

 

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