The Central Bank
postponed issuing the first local bonds next year
aghdad (newsletter). The Iraqi Central Bank, announced Monday,
postponed issuing the first local bonds next year 2015, confirmed that
inflation in Iraq Iraq Dubai
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. ‘/
