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Central Bank: the use of a global issue bonds to banks to six billion dollars in 2015 put the first
8/19/2015
Iraq used the world to banks to issue international bonds worth six billion dollars, and for the first time to reduce the worsening fiscal deficit suffered by the decline in the volume of oil imports. The director of the investment department at the Central Bank of Iraq Munir Mohammed Omran, saying that "Iraq used the universal banks of the issuance of international bonds worth six billion dollars for the first time in a decade in order to reduce the worsening fiscal deficit suffered by the size."
He added, "The government has identified both the Citigroup Foundation for banking services, the bank Deutsche German bank, with JPMorgan US banking services, for use to issue international bonds worth six billion dollars," noting that "the bond program will be in the form of payments, The first will offer for sale during the current year 2015 ". It seeks Iraq, which includes the largest oil reserves in the world's fifth, to strengthen the financial abilities amid difficult challenges represented by the war department in the country against al Daash, in conjunction with the sharp decline in world oil prices, amid expectations of fiscal deficits in Iraq ratio during 2015 about 10 percent of GDP because of the collapse in oil prices, with expenses rising military effort. The British economic analyst, Anthony Saimund said, from Aberdeen financial institution, said that "Iraq is now going through some economic difficulties caused by the war with al Daash," adding that "oil production registered a high record levels, has undergone a significant change this situation if what happened Recent high oil prices ".anthy
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8/19/2015
Iraq used the world to banks to issue international bonds worth six billion dollars, and for the first time to reduce the worsening fiscal deficit suffered by the decline in the volume of oil imports. The director of the investment department at the Central Bank of Iraq Munir Mohammed Omran, saying that "Iraq used the universal banks of the issuance of international bonds worth six billion dollars for the first time in a decade in order to reduce the worsening fiscal deficit suffered by the size."
He added, "The government has identified both the Citigroup Foundation for banking services, the bank Deutsche German bank, with JPMorgan US banking services, for use to issue international bonds worth six billion dollars," noting that "the bond program will be in the form of payments, The first will offer for sale during the current year 2015 ". It seeks Iraq, which includes the largest oil reserves in the world's fifth, to strengthen the financial abilities amid difficult challenges represented by the war department in the country against al Daash, in conjunction with the sharp decline in world oil prices, amid expectations of fiscal deficits in Iraq ratio during 2015 about 10 percent of GDP because of the collapse in oil prices, with expenses rising military effort. The British economic analyst, Anthony Saimund said, from Aberdeen financial institution, said that "Iraq is now going through some economic difficulties caused by the war with al Daash," adding that "oil production registered a high record levels, has undergone a significant change this situation if what happened Recent high oil prices ".anthy
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