Iraqi Progress; The Iraqi Securities Council Wants to List New Bonds in the Markets
On Monday, the Iraqi Securities Commission clarified the importance of government bonds, emphasizing that they provide financial liquidity for investment projects while noting that the Central Bank is considering listing government bonds.
According to the official news agency, and seen by "Economy News", Faisal Al-Hims, head of the authority, "there have been three offerings of government bonds, namely the first and second issues."
The Central Bank of Iraq has requested that these bonds be listed on the market, stating that "these bonds are debt securities on the Iraqi government in exchange for interest."
He said, "This measure will provide financial liquidity for the investment projects launched by the Prime Minister and his government." It will likely be "crowned with success and good for Iraqis."
Investing in government bonds involves lending money to the government at an agreed interest rate, which is a form of debt. They are used by governments to raise funds that can be used for infrastructure or new projects, and investors can use them to get specific returns at regular intervals.
