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[size=36]Abdul Mahdi: Falling oil prices do not mean bankruptcy in Iraq, but rather a crisis[/size]
Political | 09:16 - 11/03/2020
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Baghdad - Mawazine News
The resigned Prime Minister, Adel Abdul-Mahdi, confirmed today, Wednesday, that the drop in oil prices does not mean bankruptcy in Iraq.
Abdul Mahdi said in a speech during his presidency of the special meeting on the budget, low oil prices and Corona virus, "The decline in oil prices does not mean the bankruptcy of the state, but rather a crisis."
He added that "Iraqi oil is able to resist and has a demand in world markets."
He pointed out that "we tried to prepare a program that monitors the performance of institutions, but the government's resignation prevented this," explaining that "the central bank's position remains healthy in terms of its reserves and currency." M hn
ended
Abdul Mahdi said in a speech during his presidency of the special meeting on the budget, low oil prices and Corona virus, "The decline in oil prices does not mean the bankruptcy of the state, but rather a crisis."
He added that "Iraqi oil is able to resist and has a demand in world markets."
He pointed out that "we tried to prepare a program that monitors the performance of institutions, but the government's resignation prevented this," explaining that "the central bank's position remains healthy in terms of its reserves and currency." M hn
ended
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