Economist: The government does not need external borrowing
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Economist: The government does not need external borrowing
by claud39 Tue Apr 06, 2021 6:50 pm
Economist: The government does not need external borrowing
06/04/2021
06/04/2021
Information / private
The economic expert, Wissam Al-Tamimi, stressed that the government does not need external borrowing, pointing out that the rise in oil prices to more than 62 dollars a barrel will spare Iraq resorting to borrowing.
Al-Tamimi said to "the information", that "the government has made double profits through the rise in the exchange rate of the dollar in the local markets, as well as the recovery of oil prices, reaching the barrier of $ 62 a barrel."
He added, "The government intends to borrow 2 billion dollars from abroad, while this figure can be achieved from the difference in the dollar price and oil sales."
And that " Iraq can increase the export capacity over the specified amount by asking OPEC to do so, and agreeing with the exporting countries to increase exports in small quantities, as well as making use of oil stocks to contract with major international companies without paying any sums to them, and to rely entirely on oil as a global currency." “
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