Tag Archives | Exotix Partners LLP

Is it time to Invest in Iraqi Bonds?

By John Lee. Boutique investment bank Exotix Partners has issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds on Tuesday, following a “sell” notice in September. The company says: “It seems that an extra level of country risk is being embedded in Iraq specifically, perhaps because the market views its debt as unsustainable. Having once […]

Time Running Out for the Dinar Peg

By John Lee. A foreign-exchange crunch cause by the drop in oil prices could force a devaluation of the Iraqi dinar, according to a report from Bloomberg. Data compiled by Bloomberg show that dollar reserves fell by approximately 20 percent to $59 billion as of July 23, while in the first 25 days of August […]