BAGHDAD (Reuters) – Iraq plans to issue sovereign bonds worth 2 billion dollars in 2018, the central bank governor said on Sunday.
Al-Alak said in a press interview during a visit to Abu Dhabi that “foreign exchange reserves amounted to about 49 billion dollars,” attributed to the increase in oil prices in the recent period. ”
Faisal Al-Hims, Chairman and Acting Chief Executive Officer of the Iraqi Bank for Trade, said the bank has applied for a branch license in Saudi Arabia and has received verbal approval from SAMA.

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