East-based Interim Government sells off more than 32 billion LYD worth of bonds

East-based Interim Government sells off more than 32 billion LYD worth of bonds

March 07, 2019 - 12:31
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Written By: SafaAlharathy

Ali Al-Habri

Reuters quoted diplomats and bankers as saying that the east-based Interim Government has sold bonds worth more than 32 billion dinars, equivalent to 23 billion dollars, to finance salaries since 2014.

The head of Al-Bayda-based parallel Central Bank, Ali al-Habri confirmed his intention to issue bonds worth 7 billion dinars this year, according to Reuters, saying that the law allows him to delay the payment of bonds to 15 years.

Al-Habri also revealed plans to start collecting secondary bonds worth 10 billion dinars from citizens and government agencies in the eastern province, pointing out that salaries and basic services in the region cost the state nearly 400 million dinars a month, according to the same source.

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