Iraq plans to issue bonds after the adoption of the budget law

February 1, 2014 in economic

Baghdad: Network News, Iraq - Iraqi Central Bank announced that the banking sector did not lead role in the granting of credit so far.

Confirmed central bank governor, Abdul-Basit Turki, "the need to show the private banks softer more in relation to the profits earned from differences Currency converter or letters of guarantee" .

said Turki "have not yet succeeded in diversifying the sources of income of the Iraqi economy."

explained 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."


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