As part of an ongoing restructuring of foreign debt left over from the Saddam Hussein era, Iraq late last year agreed with its commercial creditors on a swap of old debts for new Iraqi bonds. Once the new bonds officially start trading on world markets, investors will get a chance to vote with their wallets on the country's future.

"This is just yet another step on the road to Iraq's normalization with the global financial community. We see this as solid forward progress," says Timothy Adams, the Treasury department's undersecretary for international affairs.
http://www.usatoday.com/money/world/...raq-usat_x.htm

Starting to trade on world markets.....progression is sweet!!! :thumbsup:
Psycho4Bud Reviewed by Psycho4Bud on . Iraq takes another step toward conquering debt As part of an ongoing restructuring of foreign debt left over from the Saddam Hussein era, Iraq late last year agreed with its commercial creditors on a swap of old debts for new Iraqi bonds. Once the new bonds officially start trading on world markets, investors will get a chance to vote with their wallets on the country's future. "This is just yet another step on the road to Iraq's normalization with the global financial community. We see this as solid forward progress," says Timothy Rating: 5