Central bank governor for "tomorrow Press": aspire to get foreign Sndhatna international guarantees


The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds by selling them for marketed largely due beneficial to Iraq.

Keywords and said for "tomorrow's Press," that "Iraq is thought to issue foreign bonds, but the reading of the market has given indications that putting such a bond would be a very high interest rate, so it has been studying this issue more than once and whenever Iraq found that these benefits are still high level of delay Thread linger and do. "

Keywords that "there's ambitions by the central bank added that there would be the possibility of obtaining the bond guarantees from the United States or the World Bank," noting that "if those bonds got guarantees if certain proportions it will certainly make it easier to market and sell process at a price lower interest. "

He Keywords that "foreign bonds for a possible safeguards promote such a bond, but if interest rates remained very high indicators surely would be too costly on Iraq and looking for alternative sources for that."

Economic Adviser to the Prime Minister Haider al-Abadi said in (30 September 2016) that it is unlikely that Iraq postpones bond sale two billion dollars in global markets until early 2017, at least the hope that the result of high oil revenues and the victory over the organization Daesh to the public finances of the state improved.

The government hired each of the banks, "JP Morgan" and "Citibank" "and" Deutsche Bank ", to arrange its debut bond issue in nine years in order to cover the budget caused by lower oil prices and the war against Daesh deficit.