Central Bank Governor: Iraq Plans to Issue Bonds in Local Currency for the First Time Since the Overthrow of Saddam
|November 12, 2013||Filled under Featured Article|
(Reuters) – Abdul Basit Turki Saeed Iraqi Central Bank Governor on Tuesday that Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would allow the country’s new tool of monetary policy.
Told Saeed told Reuters on the sidelines of a conference in Geneva that the first issue of bonds is expected to be worth three billion Iraqi dinars ($2.58 million), adding that this would be the first time that the issuance of bonds for fiscal policy and not for the purpose of funding. (dollar = 1165.000 Iraqi dinar)
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