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Four types of Iraqi national bonds next April

These bond could be used as guarantees to get loans or banking facilities.

Baghdad/ Iraq TradeLink:  The Central Bank of Iraq announced that it put in circulation four national bonds next April, 2017.

These bond could be used as guarantees to get loans or banking facilities.
 
The types of the bonds will be 100.000, 250.000, 500.000 and one million dinars, with annual interest of 8%.
 
The Iraqi government shall pay the bonds in April, 2019.
 
Iraq is trying to issue national internal bonds to finance its budget deficit due to the decline in oil prices.
 
 Source:Iraq TradeLink



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