Abadi: Iraq sold treasury bonds without any external support


 

Prime Minister Haider Abadi
 Market

Economy News Baghdad:

Prime Minister Haidar al-Abadi said on Tuesday that Iraq has for the first time sold treasury bonds without any external support.

“Iraq has put up $ 1 billion in treasury bonds a few days ago without any external support,” Abadi told the weekly news conference, which was attended by “Economy News”. He added that “requests to buy the Iraqi bond are very large, although the interest rate is 6.7%.”

He explained that “Iraq launched two years ago treasury bonds to support its budget, but the requests were weak and the interest rate is very high 11.5%,” noting that “the government is working to provide an environment conducive to investment.”

 

http://economy-news.net/content.php?id=8645

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