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Investors Iraq News
07-26-2016, 05:52 PM
Iraqi government to give bonds instead cash to unpaid contractors

Iraqi government contractors will receive bonds instead of cash as payment. To get rid of delayed payments to contractors, Iraqi government has taken such decision, as stated by central bank. The bonds can be traded in the local market or cashed at banks for a discount, the central bank said in an emailed statement. It didn't indicate a maturity or interest rate

Source: IraqDirectory.com (http://69.175.49.51/en/2016/04/15/30570/iraqi-government-to-give-bonds-instead-cash-to-unpaid-contractors.aspx)

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