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{Economic: Al Furat News} The economist Duraid Al-Enezi identified, today, Monday, 3 reasons why Iraq is not benefiting from the financial abundance of oil, in light of the rise in its prices globally.
Al-Enezi told {Euphrates News}, that "by comparing the financial abundance of oil sales, we find it few compared to the high prices of goods and materials," noting that "the current financial abundance is papers and not generating projects that can be benefited from."
He added: "If we compare, the strength of the dinar has decreased by a quarter of its value, the greater that abundance and the higher the prices of commodities."
Al-Enezi pointed out that "poor economic planning and the failure to put money into investment projects and the operation of idle hands did not make Iraq benefit from that abundance," noting that "if Iraq stored 90 billion, its purchasing reality would be 60 billion."
From Raghad Daham
He added: "If we compare, the strength of the dinar has decreased by a quarter of its value, the greater that abundance and the higher the prices of commodities."
Al-Enezi pointed out that "poor economic planning and the failure to put money into investment projects and the operation of idle hands did not make Iraq benefit from that abundance," noting that "if Iraq stored 90 billion, its purchasing reality would be 60 billion."
From Raghad Daham
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