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Iraq's plan to stop the issuance of international bonds because of the high yield
2015/10/11
Baghdad-where]
Fadel prophet Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high.
The Prophet said in a press statement that "the Finance Minister, Hoshyar Zebari, ordered a halt to bonds because the interest rate will be high."
Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to put up Treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit, with the continued decline Alasar.anthy
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2015/10/11
Baghdad-where]
Fadel prophet Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high.
The Prophet said in a press statement that "the Finance Minister, Hoshyar Zebari, ordered a halt to bonds because the interest rate will be high."
Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to put up Treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit, with the continued decline Alasar.anthy
[You must be registered and logged in to see this link.]
