"Finance" expects to increase Iraq's reserves of foreign currency to 86 billion dollars

"Finance" expects to increase Iraq's reserves of foreign currency to 86 billion dollars



2019/07/05 08:26:27
 
The House of Representatives Finance Committee on Friday expected the rise in crude oil prices on world markets to increase the reserves of Iraq from foreign currency to 86 billion US dollars.

Hoshyar Abdullah, a member of the committee, said in a publication on social networking sites today that, taking advantage of high oil prices, Iraq's foreign currency reserves are expected to reach 86 billion dollars.

"Everyone knows that the main revenues of Iraq are from oil exports and despite the costs of war against the organization and the displacement and the occurrence of displacement in addition to the accompanying financial crisis and low oil prices, but was able to stabilize the economic situation in Iraq, especially with regard to monetary policy" .

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