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Economist: Iraq will not last long if the financial crisis continues
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The economist, Salah Al-Zaidi, warned that [You must be registered and logged in to see this link.] will not last long, in case the financial crisis continues, pointing out that the dollar exchange rates will rise from its normal level and the central bank will lose its control over it.
Al-Zaidi said in a press statement: "The central bank reserves amount to 60 billion dollars, noting:" The continued decline in oil prices will lead the central bank to use the cash reserve to cover the market need and the operational budget, and therefore the scarcity of the dollar in the markets will raise its value against the dollar, especially in the event The current situation continues for more than 6 months.
”And he said:“ [You must be registered and logged in to see this link.]He should resort to other means to enhance his budget, especially since there are a lot of resources that are not utilized correctly, including religious shrines, tourist sites, state properties, agricultural and residential lands belonging to the Ministry of Finance, in addition to housing complexes that could be an alternative to oil imports
[You must be registered and logged in to see this link.]
The economist, Salah Al-Zaidi, warned that [You must be registered and logged in to see this link.] will not last long, in case the financial crisis continues, pointing out that the dollar exchange rates will rise from its normal level and the central bank will lose its control over it.
Al-Zaidi said in a press statement: "The central bank reserves amount to 60 billion dollars, noting:" The continued decline in oil prices will lead the central bank to use the cash reserve to cover the market need and the operational budget, and therefore the scarcity of the dollar in the markets will raise its value against the dollar, especially in the event The current situation continues for more than 6 months.
”And he said:“ [You must be registered and logged in to see this link.]He should resort to other means to enhance his budget, especially since there are a lot of resources that are not utilized correctly, including religious shrines, tourist sites, state properties, agricultural and residential lands belonging to the Ministry of Finance, in addition to housing complexes that could be an alternative to oil imports
[You must be registered and logged in to see this link.]
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