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[size=30]Al-Kazemi's advisor clarifies about the risks of the economic situation in Iraq and the latest developments in raising the dollar[/size]
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[rtl]On Thursday, Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, denied that Iraq has faced an economic crisis similar to what is happening in Lebanon, because it owns oil and is of high financial strength.[/rtl]
[rtl]Saleh said in a press statement, followed by NRTToday (July 29, 2021), "the economic situation of Iraq is good and is unlikely to reach what Lebanon has reached, as it has collapsed in banking and tourism. As for us, we have a strong financial leverage, which is oil revenues."[/rtl]
[rtl]He added, "Despite the fact that our economy is rentier, it has resources that are constantly being spent, and it is considered sustainable for life, even if there are risks for the future, as it is dependent on oil prices, but the oil sector leads to cohesion in the economy in any way."[/rtl]
[rtl]He explained, "The central bank accounts are strong at the present time and have started to rise, and the efficiency indicators are also efficient."[/rtl]
[rtl]On decreasing the price of the dinar, Al-Kazemi’s economic advisor said: “The decrease in the exchange rate of the dinar affected the economic situation, since most of the materials are imported due to the cessation of the industry and our dependence on the importer, but there are things and materials in return that have not changed and remained fixed, such as government services.” [/rtl]
[rtl]Saleh pointed out that "the economic situation is improving, despite it affecting some people and its need for treatment policies, which is important for how to address the poor and disadvantaged classes."[/rtl]
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