An economist confirms the possibility of resorting to the central bank’s reserves to compensate for the deficit.
An economist confirms the possibility of resorting to the central bank’s reserves to compensate for the deficit.
5-15-2026
Information/Baghdad…
Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq’s cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.
Qusay told Al-Maalouma, “The Central Bank of Iraq’s reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion.”
He added, “The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar’s value below this financial backing would allow for domestic inflation.”
He indicated that “the possibility of resorting to borrowing from the Central Bank’s reserves, or the aforementioned inflation, could occur six months after this May, as the government can secure salaries for this period.”
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