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[size=45][size=41]Iraq's cash reserves are expected to reach $100 billion[/size]
18 hours ago
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18 hours ago
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Today, Monday, the technical advisor to the Prime Minister, Haitham al-Jubouri, explained the mechanism for submitting a proposal for a law that includes a financial aspect, while noting that the currency reserves rose to more than 85 billion dollars that the Iraqi state had not previously witnessed.
Al-Jubouri said in a statement to Al-Iraqiya News, that “there is a decision by the Federal Court that prevents the government from submitting any bill that contains a financial aspect,” noting that it is possible for the House of Representatives, through one of its committees or 10 deputies and more, to submit a law proposal and take the government’s opinion on it because it will be in it. financial consequences.”
He added, "The government cannot submit bills according to the decision of the Federal Court," noting that "we do not want too many laws related to financial consequences or additional allocations, and we expect that there will be a government to approve a new budget."
And on the rise in currency reserves, al-Jubouri said that “the rise in reserves to more than 85 billion dollars is an important indicator for the Iraqi economy and growth,” noting that “this rise was not witnessed by the Iraqi state previously.”
He continued, "We expect the reserve to reach 100 billion if oil prices remain high until the end of the year," explaining that "this figure will support the stability of the Iraqi currency."
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