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
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 Iraq and for 27-28/1/2014 and
the participation of the banking sector and investment. 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. ‘/