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View Full Version : Iraq begins to pay its debts and internal considering postponing installments Paris C



BatmaninIraq
07-02-2016, 08:37 PM
Iraq begins to pay its debts and internal considering postponing installments Paris Club


K24 Erbil K24 Erbil Thursday, 30 June 2016 http://kurdistan24.blob.core.windows.net/filemanager/resources/files/2016/dollarsmoney.jpgIraq's foreign debt ranged between 130 and 140 billion dollars in 2003Keywords: the Central Bank of Iraq 's Paris ClubIraqi Central Bank announced Thursday that Iraq will begin to pay its debts as internal considering postponing installments Paris Club under the money that the country is facing a crisis.The Paris Club, which includes 19 rich creditor nations in 2004, has agreed to write off 80 percent of its debt of 40 billion dollars to help Iraq financially.The central bank said in a statement that the crisis cell headed by Prime Minister Haider al-Abadi taken at a meeting held today a number of decisions including initiating the payment of internal debt. The statement did not specify the size of the debt.He added that the bank crisis cell was considering postponing installments Paris Club until the completion of Iraq's obligations under the standby credit arrangements.The Iraqi government says that the members of the Paris Club nations decided to postpone the debt of Iraq, the benefits are met until the end of 2019.It was Iraq's foreign debt of between 130 and 140 billion dollars in 2003 where he was a big part of it through the Paris Club agreement in the 2004 settlement.