The use of a global issue bonds to banks to six billion

by **wciappetta** Fri 21 Aug 2015, 5:22 am

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The use of a global issue bonds to banks to six billion

by wciappetta Fri 21 Aug 2015, 5:22 am

The use of a global issue bonds to banks to six billion

Fri Aug 21 2015 04:36 | (Voice of Iraq) - The director of the investment department at the Central Bank of Iraq, Munir Mohammed, Imran in an interview with Bloomberg Bzenz US economic news, said that "the government has identified both the Citigroup Foundation Citigroup Inc Banking Services , and the Bank of Deutsche Bank AG German, with Morgan JP Morgan Foundation of America banking services, for use to issue international bonds worth six billion dollars, "noting that" the bond program will be in the form of payments, will go first is for sale during the year the current 2015 ".

According to the site, that "Iraq, which includes the largest oil reserves in the world's fifth, seeks to strengthen the financial abilities amid difficult challenges represented by the war department in the country against al Daash, in conjunction with the sharp drop in world oil prices," expected to "inform the fiscal deficit in Iraq ratio During 2015, about 10 percent of gross domestic product because of the collapse of oil prices with high military effort expenses associated with the deterioration of the security situation in the country. "

Meanwhile, a British economic analyst, Anthony Saimund, from Aberdeen financial institution, according to the site by Bloomberg, said that "Iraq is now going through some economic difficulties caused by the war with al Daash," adding, "But oil production registered a high record levels, has undergone a significant change on the This situation if another rise in oil prices is what happened. "

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