Fifteen states have implemented PACE programs, which floatbonds that pay for home efficiency upgrades that homeowners pay back through their property taxes.
Thus, during the era of commodity money in England, lenders were willing to floatbonds (consols) without any redemption dates, and interest rates remained relatively low and stable.
Iraq lacks a money market, so the government won't be able to floatbonds to investors, as we do in the U.S. Government deficits will be funded by turning on the printing presses.