CBI to take new measures to improve the value of the Iraqi currency; Issuance of bonds

Posted: November 22, 2013 in Iraqi Dinar/Politics
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11/22/2013 15:13:00

Confirmed a member of the Finance Committee Kurdistan Alliance MP Najiba Najib that the actions of the central bank to issue new bonds in dinars within the Bank’s policy to improve the value of the Iraqi currency against other currencies.

Najib said in a statement on Friday, the former central bank bonds were in foreign currency, so the bank to issue bonds in Iraqi dinars for not restricting the currency to other currencies.

She added that the bank will increase the bond for five years and hope the central bank in the issuance of the first tranche before the end of the year, although the decision on this will be made with the participation of the Ministry of Finance.

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