Iraq is seeking to borrow two billion dollars from a U.S. bank to finance the purchase of 40 Boeing aircraft

Long-Presse / Baghdad

Detection news site global economic, Thursday, Iraq sought to obtain a loan of two billion dollars from the Export-Import Bank U.S., to finance the purchase of 40 civilian aircraft from Boeing, while between that caused by a delay in adoption of the federal budget and the need to finance several projects Transport, said that Baghdad would form a committee from the ministries of transport and finance and the central bank and airline negotiations on the subject with the help of the branch bank Citigroup U.S. in Iraq.

The Web site reported by Bloomberg Bloomberg U.S. economic news, in the news, seen it (the long-Presse), that "the Undersecretary of the Ministry of Transport, banks Rakane, told him in a telephone conversation, on Wednesday, (second from April 2014 now), that a committee comprising representatives from the ministries of transport and Finance and the Central Bank and Iraqi Airways to negotiate on the issue of financing the purchase of 40 Boeing aircraft. "

He Rakane, that "the Commission will use Bank of Citigroup, the U.S. in Iraq, to ​​get advice needed on the subject, where will be a call next week," adding that "Iraq is based on this transaction on being a country with a strong economy as the fourth-largest oil exporter in the world , and is able to finance the bulk of the transaction amount of five billion dollars, according to a list of current prices. "

He favored the Undersecretary of the Ministry of Transport, that "baptizing Iraq to delay some of the aircraft and make adjustments to the other," pointing out that there are "a lot of discussion to be held on the deal during a meeting of the Committee."

Rakane said, that "the amount of the loan, which will be presented by the Bank of U.S. Export-Import ranging from 1.5 to 2 billion dollars, to be determined based on the estimated final agreed timetable for delivery," and expressed "cautious optimism about the guarantee to finance the deal."

He and Zell and the Ministry of Transport, that "credit loan export guarantees payments and achieve processing, in order to avoid delay in the adoption of the federal budget for 2014, the current, in the time of need projects of the ministry for about 50 billion dollars to develop the infrastructure of railways, ports and airports."

Bloomberg site and saw that, in spite of that "Iraq is a country rich in oil, but that efforts to build its economy after 11 years of the U.S. invasion has marred some failures due to political and sectarian conflict witnessed by the country."

The Iraqi Airways, announced (27 March 2014), the arrival of a third Boeing (800-737), to Baghdad International Airport, out of 40 contracted by the United States, saying it will take delivery of six other planes of this type until the end of the year 2014 the current.

The Iraqi Transport Minister Hadi al-Amiri, announced, in (the 14th of August 2013 the past), the arrival of the first Boeing aircraft of type (800-737) to the Baghdad International Airport of the 45 aircraft contracted by the Iraqi government on them, indicating that the remaining aircraft will arrive Iraq successively until the year 2016.

The Boeing Company of America, announced (13 August 2013), for the delivery of aircraft, the next generation (800-737) Iraqi Airways, indicating that this aircraft is the first of 30 aircraft had been requested by Iraqi Airways in 2008 , as well as ten aircraft Iraq had contracted by the Boeing Dreamliner.

The Iraqi Airways announced that, in (the 29th of January 2013), for its contract to buy 40 aircraft type Bowen 737 and Boeing Dreamliner 787 in addition to the two Aabertin intercontinental-made Airbus European, while The Ministry of Transport, confirmed that Iraqi Airways will fly lines, additional Many countries around the world.



[You must be registered and logged in to see this link.]

so How is it that they can buy 36 tons of gold, but cant buy some airplanes??
really?

hahahaha I hear ya desert heat --- I was a bout too give-um hell about that ------ 96 tons of gold { and they need too borrow } but if I remember the old saying --- if you have a lot of cash save your cash and borrow from some where else , it is used by a lot of the richer than me folks    but if we look at this out side of the golden box --- if they borrow money from us , and then revalue the dinar our federal guys can buy our dinar from us , and sell it back to Iraq against the loan , so if they borrow 1 million say , and the dinar comes in at 1 to 1 , it will take only 1 million dinar to catch up with the borrow ratio ---- or is it 2 million ? but any who that might be the out come ------ the more they do busness with out sider countries the more those folks might be in line to start trading the dinar { my thinking }