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Sunday 14 November 2021 12:48
Baghdad / NINA / - The Ministry of Finance expected a gradual recovery of the Iraqi economy after the contraction of the Corona pandemic last year, explaining that: the white paper is a comprehensive framework for addressing dependence on oil and structural problems.
And the ministry stated in a statement that: The Corona pandemic had a significant impact on Iraq’s gross domestic product in 2020. It
indicated that: Adopting the current exchange rate in order to supplement national production, protect the central bank’s reserves, and support the state’s general budget.
In its statement, the ministry added: "During the past three years, we have borne the burden of a stifling financial crisis that has threatened the state's ability to fulfill its obligations."
She explained: The improvement in the global oil market conditions is expected to enhance economic growth, indicating that: Iraq is one of the most oil-dependent countries in the world./End 3
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