Proposal to launch a Government bond debt in dollars
3/18/2015 0:00
As supporting the national economy
BAGHDAD – Mostafa Hashemi
suggested economist appearance of Dr. Mohammed Saleh, the Ministry of Finance to issue Government bond debt is denominated in dollars, not dinars to contribute to the achievement of a national dividend would reduce the budget deficit ratio.
According to Wikipedia, the sovereign debt in the form of bonds, and when governments issue bonds they behave Spillane either put up their own currency bonds, which are geared toward local investors, in this case called the religion we have a government.
or the government to issue-oriented investors in overseas currency other than the local currency bonds, which are often international, such as the dollar or currency euro.
Saleh added in a statement the “morning” that the citizen trust much the government and when issuing government support and promotion at home and abroad, it is expected to deliver a high turnout of the public who are looking for an easy and low-risk investments.
He said the possibility of issuing such bonds periods repay chains of time ranging from one year, 5 years and 10 years, stressing the possibility that sold in the secondary domestic and global markets at a discount, pointing to the need to be classified degree credit for receiving the admissibility more among citizens abroad or foreigners who wish to buy these bonds.
He pointed out that the reason for evaluating the dollar comes to granting citizen’s confidence to achieve greater financial returns and encourage the acquisition because it has thus contributed to the support of the country’s economy and establish a good market for borrowing and reassure the public the possibility of selling in global markets or local (banks).
