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International Monetary Fund: Iraq's foreign reserves will fall next year to 40.8 billion dollars

rocky
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 International Monetary Fund: Iraq's foreign reserves will fall next year to 40.8 billion dollars Empty International Monetary Fund: Iraq's foreign reserves will fall next year to 40.8 billion dollars

Post by rocky on Thu 03 Aug 2017, 7:55 am

International Monetary Fund: Iraq's foreign reserves will fall next year to 40.8 billion dollars



Iraq has completed the second review of its credit program, signed with the International Monetary Fund in 2015 for a loan of 5.4 billion dollars, and that the International Monetary Fund, Iraq to obtain other loans with interest does not exceed 3%.

The IMF published a table on its website, showing its expectations for the Iraqi economy and viewed by the "economy News", said that "Iraq's share in the International Monetary Fund amounted to 1663.8 million special drawing units," expected "negative change in gross domestic product 0.4% during This year to recover in the next year by 2.9%, while the average per capita gross domestic product gross 5958 dollars during the current year.

The International Monetary Fund, in the table that "oil production of 4.7 million barrels per day and will rise next year to 4.7 million barrels, while oil exports 3.8 million barrels, and the price of a barrel of Iraqi oil is 45.3 dollars," noting that "inflation in consumer prices is 2 % ".

He pointed out that "the total domestic investment is 19.7% of GDP, of which 11.1% in the public sector, while total domestic consumption 85.1% of GDP," adding that "tax revenues of 4.6%

He noted that "the cash reserve amounts to 41.4 billion dollars and will fall next year to 40.8 billion dollars," explaining that "the cash reserve covers 6.2 months of imports of goods and services."

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