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Deputy: international bond exposure to the danger of the Iraqi economy

8/20/2015

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Was considered the parliamentary finance committee member Rep Ola return Nashi, Thursday, that dependence on international bonds will display the future of the Iraqi economy at risk, depending on the government to issue bonds to the public the Iraqi government guarantees. Nashi said in a statement, "The dependence on international bonds will display the future of the Iraqi economy at risk, especially as the unknown future of oil prices." Nashi and demanded the government to "rely on the issuance of bonds to the public the Iraqi government guarantees in order to reduce the budget deficit", stressing the need to "encourage Optional savings for citizens and benefit from the Iraqi capital within and outside the country." The Central Bank announced, in (July 26, 2015), his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral.
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